The ex-dividend date for Macerich Company (NYSE:MAC) is tomorrow, February 20, 2013. Owners of shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $61.84 as of 9:31 a.m., the dividend yield is 3.8%.
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, February 20, 2013. Owners of shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $61.84 as of 9:31 a.m. ET, the dividend yield is 3.8%. The average volume for Macerich has been 780,400 shares per day over the past 30 days. Macerich has a market cap of $8.41 billion and is part of the financial sector and real estate industry. Shares are up 5.5% year to date as of the close of trading on Friday. 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 32.2, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Macerich as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Macerich Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.