Macerich Stock To Go Ex-dividend Tomorrow (MAC)

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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.

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

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