Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Macerich Company (NYSE: MAC) is tomorrow, August 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $57.72 as of 10 a.m. ET, the dividend yield is 3.8%. The average volume for Macerich has been 1.1 million shares per day over the past 30 days. Macerich has a market cap of $7.61 billion and is part of the financial sector and real estate industry. Shares are up 13.2% year to date as of the close of trading on Tuesday. The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. The company has a P/E ratio of 33.6, above the average real estate industry P/E ratio of 25.6 and above the S&P 500 P/E ratio of 17.7.
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