Macerich Stock To Go Ex-dividend Tomorrow (MAC)

NEW YORK ( TheStreet) -- The ex-dividend date for Macerich Company (NYSE: MAC) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $61.77 as of 9:30 a.m. ET, the dividend yield is 3.5%.

The average volume for Macerich has been 852,000 shares per day over the past 30 days. Macerich has a market cap of $8.24 billion and is part of the financial sector and real estate industry. Shares are up 22.5% year to date as of the close of trading on Friday.

The Macerich Company operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 46, below the average real estate industry P/E ratio of 52.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macerich as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Macerich Ratings Report.

See our dividend calendar or top-yielding stocks list.
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