Annuncio • May 13
The Macerich Company has completed a Follow-on Equity Offering in the amount of $403.2 million. The Macerich Company has completed a Follow-on Equity Offering in the amount of $403.2 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 19,200,000
Price\Range: $21
Discount Per Security: $0.6825 Annuncio • May 12
The Macerich Company has filed a Follow-on Equity Offering. The Macerich Company has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 16,000,000 Annuncio • May 06
The Macerich Company announces Quarterly dividend, payable on June 29, 2026 The Macerich Company announced Quarterly dividend of USD 0.1700 per share payable on June 29, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. Annuncio • Apr 23
The Macerich Company, Annual General Meeting, Jun 01, 2026 The Macerich Company, Annual General Meeting, Jun 01, 2026. Annuncio • Apr 01
The Macerich Company to Report Q1, 2026 Results on May 06, 2026 The Macerich Company announced that they will report Q1, 2026 results After-Market on May 06, 2026 Annuncio • Feb 13
The Macerich Company Declares Quarterly Cash Dividend, Payable on March 30, 2026 The Board of Directors of The Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on March 30, 2026, to stockholders of record at the close of business on March 16, 2026. Annuncio • Feb 10
The Macerich Company to Report Q4, 2025 Results on Feb 18, 2026 The Macerich Company announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Annuncio • Oct 31
Macerich Company Declares the Quarterly Dividend on Its Common Shares, Payable on December 29, 2025 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on December 29, 2025, to stockholders of record at the close of business on December 15, 2025. Annuncio • Oct 17
The Macerich Company to Report Q3, 2025 Results on Nov 04, 2025 The Macerich Company announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Annuncio • Jul 18
The Macerich Company to Report Q2, 2025 Results on Aug 11, 2025 The Macerich Company announced that they will report Q2, 2025 results After-Market on Aug 11, 2025 Annuncio • Apr 29
The Macerich Company Declares Quarterly Cash Dividend, Payable on June 17, 2025 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on June 17, 2025, to stockholders of record at the close of business on June 3, 2025. Annuncio • Apr 25
The Macerich Company, Annual General Meeting, Jun 02, 2025 The Macerich Company, Annual General Meeting, Jun 02, 2025. Annuncio • Apr 23
The Macerich Company to Report Q1, 2025 Results on May 12, 2025 The Macerich Company announced that they will report Q1, 2025 results Pre-Market on May 12, 2025 Annuncio • Mar 21
Eric K. Brandt Inform Not Stand for Re-Election as Director of the Macerich Company On March 12, 2025, Eric K. Brandt announced that the Board of Directors of The Macerich Company that he will not stand for re-election as a director of the Company at the 2025 annual meeting of stockholders. Mr. Brandt currently serves as chair of the capital allocation committee and is a member of the compensation committee of the Board and will continue to serve on the Board and maintain his committee positions through the 2025 Annual Meeting. Mr. Brandt's decision not to stand for re-election was not the result of any disagreement with the Company on any matter related to the Company's operations, policies, or practices. In connection with Mr. Brandt's decision, the Board approved a reduction in the size of the Board from nine members to eight members, with such reduction effective as of the 2025 Annual Meeting. Annuncio • Feb 14
The Macerich Company Declares Quarterly Cash Dividend, Payable on March 18, 2025 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on March 18, 2025, to stockholders of record at the close of business on March 4, 2025. Annuncio • Jan 31
The Macerich Company to Report Q4, 2024 Results on Feb 27, 2025 The Macerich Company announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 Annuncio • Jan 24
The Macerich Company Appoints Devin Murphy to its Board of Directors, Effective February 1, 2025 The Macerich Company announced the appointment of Devin Murphy to its Board of Directors, effective February 1, 2025. With the addition of Mr. Murphy, Macerich’s Board will have nine directors, eight of whom are independent. A seasoned retail REIT executive, Mr. Murphy served for more than a decade at Phillips Edison & Company (PECO). Mr. Murphy served as PECO’s President from 2019 until 2024. He was the company’s CFO for six years prior to becoming President in 2019. Mr. Murphy was elected to the Board of Directors of PECO, a NASDAQ-listed REIT, in July 2024. Before joining PECO in 2013, Mr. Murphy worked for 28 years as an investment banker and held senior leadership roles at Morgan Stanley and Deutsche Bank. He was the Global Head of Real Estate Investment Banking at Deutsche Bank, where his team executed over 500 transactions, representing total transaction volume over $400 billion, and a Vice Chairman at Morgan Stanley. Last May 2024, Macerich launched its detailed Path Forward plan designed to lead the company to elevated performance and forward its mission to add long-term value for shareholders, partners, and customers. Macerich’s three-part plan is focused on simplifying its business, improving operational performance and reducing leverage. Mr. Murphy currently serves as a Senior Advisor to Fifth Wall. He is also a Director of CoreCivic where he serves on the Audit and Risk committees and chairs the Nominating and Governance committee. Mr. Murphy earned a B.A. in English and History with Honors from the College of William and Mary and an MBA from the University of Michigan. Annuncio • Nov 27
The Macerich Company has completed a Follow-on Equity Offering in the amount of $395 million. The Macerich Company has completed a Follow-on Equity Offering in the amount of $395 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: $19.75
Discount Per Security: $0.641875
Security Features: Income Trust Annuncio • Nov 26
The Macerich Company has filed a Follow-on Equity Offering. The Macerich Company has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 18,000,000
Security Features: Income Trust Annuncio • Nov 13
The Macerich Company has filed a Follow-on Equity Offering in the amount of $500 million. The Macerich Company has filed a Follow-on Equity Offering in the amount of $500 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Annuncio • Nov 06
The Macerich Company Announces CFO Changes, Effective November 16, 2024 The Macerich Company announced that Daniel E. Swanstrom II will become the Chief Financial Officer of Macerich effective on November 16, 2024. Dan brings an excellent background to Macerich with over 20 years of experience in real estate, both as a CFO of two public REITs and as a former investment banker with Morgan Stanley. He has extensive experience in managing complex balance sheets, interfacing with external stakeholders and making capital allocation decisions that drive shareholder value. Scott Kingsmore, the current Chief Financial Officer, will transition to the role of Senior Advisor effective November 16, 2024, and remain with the Company through December 31, 2024, to assist in the transition. Annuncio • Oct 31
Macerich Company Declares Quarterly Dividend, Payable on December 2, 2024 Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on December 2, 2024, to stockholders of record at the close of business on November 12, 2024. Annuncio • Oct 02
The Macerich Company to Report Q3, 2024 Results on Nov 06, 2024 The Macerich Company announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024 Annuncio • Aug 02
Red Development LLC acquired remaining 50% stake in Biltmore Fashion Park from The Macerich Company (NYSE:MAC). Red Development LLC acquired remaining 50% stake in Biltmore Fashion Park from The Macerich Company (NYSE:MAC) on July 31, 2024.
Red Development LLC completed the acquisition of remaining 50% stake in Biltmore Fashion Park from The Macerich Company (NYSE:MAC) on July 31, 2024. Annuncio • Jul 26
The Macerich Company Declares Quarterly Cash Dividend, Payable on September 9, 2024 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on September 9, 2024, to stockholders of record at the close of business on August 19, 2024. Annuncio • Jul 22
Macerich Company Announces the Appointment of Diana M. Laing to Its Board of Directors Macerich Company announced the appointment of Diana M. Laing to its Board of Directors. Ms. Laing previously served on Macerich’s Board from 2003 through 2022. With the addition of Ms. Laing, Macerich’s Board will have eight directors, seven of whom are independent. A seasoned corporate finance executive with 35+ years in real estate investment and operating companies, Ms. Laing brings key skills and experience to the Macerich Board – including her tenure as a member of the Board of Directors of Spirit Realty Capital when Macerich President and Chief Executive Officer Jackson Hsieh successfully led that company. Ms. Laing’s areas of expertise include corporate strategy, risk management, public equity and corporate debt offerings, finance and capital markets, corporate governance and sustainability matters, investor relations, together with extensive knowledge of IT and cybersecurity, including cybersecurity assessments, controls, protocols, monitoring and incident response, obtained through the responsibility for IT department leadership and activities in each CFO role. Ms. Laing’s impressive professional background includes serving as CFO of American Homes 4 Rent, until her retirement in June 2018. More recently, she was interim CFO for Alexander & Baldwin, from November 2018 to May 2019. Prior to American Homes 4 Rent, she was CFO and corporate secretary for Thomas Properties Group Inc. and CFO for New Pacific Realty Corporation and Arden Realty. Annuncio • May 17
The Macerich Company (NYSE:MAC) acquired remaining 40% stake in Five Property Assets in USA from global institutional investor for $36.5 million. The Macerich Company (NYSE:MAC) acquired remaining 40% stake in Five Property Assets in USA from global institutional investor for $36.5 million on May 14, 2024.
The Macerich Company (NYSE:MAC) completed the acquisition remaining 40% stake in Five Property Assets in USA from global institutional investor on May 14, 2024. Annuncio • Apr 27
The Macerich Company Declares the Quarterly Cash Dividend, Payable on June 3, 2024 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on June 3, 2024, to stockholders of record at the close of business on May 20, 2024. Annuncio • Apr 21
The Macerich Company, Annual General Meeting, May 30, 2024 The Macerich Company, Annual General Meeting, May 30, 2024, at 10:00 Pacific Standard Time. Location: The Fairmont Miramar Hotel, 101 Wilshire Boulevard Santa Monica California United States Agenda: To consider and approve the election of Director; to consider and approve the amendment to Employee Stock Purchase plan; and to consider and approve any other matters. Annuncio • Apr 09
The Macerich Company to Report Q1, 2024 Results on Apr 30, 2024 The Macerich Company announced that they will report Q1, 2024 results on Apr 30, 2024 Annuncio • Feb 02
The Macerich Company Declares Quarterly Cash Dividend, Payable on March 4, 2024 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on March 4, 2024, to stockholders of record at the close of business on February 16, 2024. Annuncio • Jan 09
The Macerich Company to Report Q4, 2023 Results on Feb 07, 2024 The Macerich Company announced that they will report Q4, 2023 results Pre-Market on Feb 07, 2024 Annuncio • Dec 08
The Macerich Company Announces Retirement of Steven Soboroff from the Board of Directors, Effective December 31, 2023 On December 2, 2023, Mr. Steven Soboroff provided notice of his retirement from the Board of Directors of The Macerich Company effective December 31, 2023. Mr. Soboroff’s retirement from the Board did not involve any disagreements with the Company on any matter relating to the Company’s operations, policies or practices. In connection with Mr. Soboroff’s retirement, the Board approved a reduction in the size of the Board from ten members to nine members, effective upon the retirement of Mr. Soboroff. Annuncio • Sep 28
The Macerich Company to Report Q3, 2023 Results on Oct 31, 2023 The Macerich Company announced that they will report Q3, 2023 results Pre-Market on Oct 31, 2023 Annuncio • Aug 09
An unknown buyer acquired Superstition Springs Power Center, a 204,000 Square Foot Power Center in Mesa, Arizona from The Macerich Company (NYSE:MAC) for $5.6 million. An unknown buyer acquired Superstition Springs Power Center, a 204,000 Square Foot Power Center in Mesa, Arizona from The Macerich Company (NYSE:MAC) for $5.6 million on July 17, 2023.An unknown buyer completed the acquisition of Superstition Springs Power Center, a 204,000 Square Foot Power Center in Mesa, Arizona from The Macerich Company (NYSE:MAC) on July 17, 2023. Annuncio • Jun 30
The Macerich Company to Report Q2, 2023 Results on Aug 08, 2023 The Macerich Company announced that they will report Q2, 2023 results Pre-Market on Aug 08, 2023 Annuncio • Jun 16
The Macerich Company (NYSE:MAC) acquired the remaining 50% stakes in 5 Former Sears Boxes from Seritage Growth Properties (NYSE:SRG). The Macerich Company (NYSE:MAC) acquired the remaining 50% stakes in 5 Former Sears Boxes from Seritage Growth Properties (NYSE:SRG) in May 2023. The Macerich Company (NYSE:MAC) completed the acquisition of remaining 50% stakes in 5 Former Sears Boxes from Seritage Growth Properties (NYSE:SRG) in May 2023. Reported Earnings • Feb 26
Full year 2022 earnings released: FFO per share: US$2.0 (vs US$2.13 in FY 2021) Full year 2022 results: FFO per share: US$2.0. Revenue: US$865.5m (flat on FY 2021). Funds from operations (FFO): US$437.5m (up 3.6% from FY 2021). FFO margin: 51% (up from 49% in FY 2021). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the REITs industry in Mexico. Upcoming Dividend • Feb 09
Upcoming dividend of US$0.17 per share at 5.1% yield Eligible shareholders must have bought the stock before 16 February 2023. Payment date: 03 March 2023. Trailing yield: 5.1%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (6.1%). Annuncio • Feb 08
The Macerich Company Provides Earnings Guidance for Fiscal Year 2023 The Macerich Company provided earnings guidance for fiscal year 2023. For the period, The company expects EPS-diluted to be $(0.13) - $(0.03). Annuncio • Jan 28
Macerich Company Declares Quarterly Cash Dividend for Common Stock, Payable on March 3, 2023 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on March 3, 2023, to stockholders of record at the close of business on February 17, 2023. Annuncio • Jan 13
The Macerich Company to Report Q4, 2022 Results on Feb 07, 2023 The Macerich Company announced that they will report Q4, 2022 results Pre-Market on Feb 07, 2023 Recent Insider Transactions • Dec 03
Senior VP & Chief Accounting Officer recently sold Mex$487k worth of stock On the 29th of November, Christopher Zecchini sold around 2k shares on-market at roughly Mex$243 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought Mex$47m more than they sold in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Marianne Lowenthal was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2022 earnings released: FFO per share: US$0.5 (vs US$0.56 in 3Q 2021) Third quarter 2022 results: FFO per share: US$0.5. Revenue: US$217.0m (up 3.2% from 3Q 2021). Funds from operations (FFO): US$102.8m (up 1.4% from 3Q 2021). FFO margin: 47% (in line with 3Q 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the REITs industry in Mexico. Recent Insider Transactions • Sep 21
Senior EVP & Head of Leasing recently bought Mex$500k worth of stock On the 19th of September, Douglas Healey bought around 3k shares on-market at roughly Mex$178 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth Mex$11m. Insiders have collectively bought Mex$23m more in shares than they have sold in the last 12 months. Upcoming Dividend • Aug 11
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 08 September 2022. Trailing yield: 5.4%. Lower than top quartile of Mexican dividend payers (6.1%). In line with average of industry peers (5.2%). Reported Earnings • Jul 29
Second quarter 2022 earnings released: FFO: US$210.4m per share (vs US$0.77 in 2Q 2021) Second quarter 2022 results: FFO: US$210.4m per share (down from US$0.77 in 2Q 2021). Revenue: US$210.4m (down 11% from 2Q 2021). Funds from operations (FFO): US$102.9m (down 19% from 2Q 2021). FFO margin: 49% (down from 54% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 12% growth forecast for the industry in Mexico. Board Change • Jul 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Marianne Lowenthal was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 03
President & Director recently bought Mex$11m worth of stock On the 30th of June, Edward Coppola bought around 60k shares on-market at roughly Mex$176 per share. This was the largest purchase by an insider in the last 3 months. Edward has been a buyer over the last 12 months, purchasing a net total of Mex$22m worth in shares. Recent Insider Transactions • Jun 16
CEO & Director recently bought Mex$4.9m worth of stock On the 13th of June, Thomas O'Hern bought around 25k shares on-market at roughly Mex$194 per share. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of Mex$7.8m worth in shares. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 22% share price decline to Mex$250, the stock trades at a trailing P/E ratio of 68.9x. Average forward P/E is 9x in the REITs industry in Mexico. Total loss to shareholders of 8.0% over the past year. Board Change • May 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Independent Director Eric Brandt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 08
The Macerich Company to Report Q1, 2022 Results on May 09, 2022 The Macerich Company announced that they will report Q1, 2022 results Pre-Market on May 09, 2022 Reported Earnings • Feb 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: FFO: US$863.1m per share (down from US$2.32 in FY 2020). Revenue: US$863.1m (up 14% from FY 2020). Funds from operations (FFO): US$423.2m (up 25% from FY 2020). FFO margin: 49% (up from 45% in FY 2020). Revenue exceeded analyst estimates by 9.8%. Over the next year, revenue is forecast to stay flat compared to a 4.2% growth forecast for the reits industry in Mexico. Upcoming Dividend • Feb 10
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 17 February 2022. Payment date: 03 March 2022. Trailing yield: 3.8%. Lower than top quartile of Mexican dividend payers (4.3%). Lower than average of industry peers (6.8%). Board Change • Feb 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Independent Director Eric Brandt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jan 28
The Macerich Company Declares Quarterly Cash Dividend, Payable on March 3, 2022 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.15 per share of common stock. The dividend is payable on March 3, 2022 to stockholders of record at the close of business on February 18, 2022. Board Change • Dec 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. Independent Director Eric Brandt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2021 earnings released: FFO US$0.56 per share (vs US$0.58 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$210.4m (up 21% from 3Q 2020). Funds from operations (FFO): US$101.4m (up 22% from 3Q 2020). FFO margin: 48% (in line with 3Q 2020). Upcoming Dividend • Nov 04
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 08 November 2021. Payment date: 03 December 2021. Trailing yield: 2.8%. Lower than top quartile of Mexican dividend payers (5.3%). Lower than average of industry peers (6.8%). Board Change • Nov 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. Independent Director Eric Brandt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 21
An unknown buyer acquired La Encantada from The Macerich Company (NYSE : MAC) for approximately $170 million. An unknown buyer acquired La Encantada from The Macerich Company (NYSE : MAC) for approximately $170 million on September 17, 2021.
An unknown buyer completed the acquisition of La Encantada from The Macerich Company (NYSE : MAC) on September 17, 2021. Reported Earnings • Aug 05
Second quarter 2021 earnings released: US$0.057 loss per share (vs US$0.18 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$215.5m (up 31% from 2Q 2020). Net loss: US$11.8m (loss narrowed 54% from 2Q 2020). Recent Insider Transactions • Jul 20
Independent Director recently sold Mex$753k worth of stock On the 12th of July, Steven Soboroff sold around 2k shares on-market at roughly Mex$358 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$895k. Insiders have been net sellers, collectively disposing of Mex$419m more than they bought in the last 12 months. Recent Insider Transactions • Jul 16
Independent Director recently sold Mex$753k worth of stock On the 12th of July, Steven Soboroff sold around 2k shares on-market at roughly Mex$358 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$895k. Insiders have been net sellers, collectively disposing of Mex$419m more than they bought in the last 12 months. Annuncio • May 12
The Macerich Company Amends Earnings Guidance for the Year 2021 The Macerich Company amended earnings guidance for the year 2021. For the year, the company expects loss per share-diluted to be in the range of $0.55 to $0.35. Reported Earnings • May 12
First quarter 2021 earnings released: FFO US$0.50 per share (vs US$0.87 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$190.4m (down 20% from 1Q 2020). Funds from operations (FFO): US$75.6m (down 38% from 1Q 2020). FFO margin: 40% (down from 52% in 1Q 2020). Annuncio • Apr 30
The Macerich Company Declares the Quarterly Dividend on its Common Shares, Payable on June 3, 2021 The Board of Directors of the Macerich Company declared a quarterly cash dividend of $0.15 per share of common stock. The dividend is payable on June 3, 2021 to stockholders of record at the close of business on May 7, 2021.