Southridge owner declares dividend

Southridge owner declares dividend

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BPC Staff | Feb 4, 2011 | 4:50 pm |

<1 min read time

The Macerich Co. declared a quarterly cash dividend of 50 cents per share on its common stock.

The Macerich Co. declared a quarterly cash dividend of 50 cents per share on its common stock. The dividend is payable on March 8 to stockholders of record at the close of business on Feb. 22. Macerich is a real estate investment trust that was founded in Iowa and is based in California. It owns approximately 73 million square feet of gross leaseable area consisting primarily of interests in 71 regional malls, including Southridge Mall in Des Moines.