The ex-dividend date for Macerich Company (NYSE:MAC) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $70.27 as of 9:30 a.m., the dividend yield is 3.3%.
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, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $70.27 as of 9:30 a.m. ET, the dividend yield is 3.3%. The average volume for Macerich has been 793,600 shares per day over the past 30 days. Macerich has a market cap of $9.68 billion and is part of the financial sector and real estate industry. Shares are up 21.5% year to date as of the close of trading on Monday. 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 38.1, 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 revenue growth, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Macerich Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.