Macerich Dividends and Buybacks
Dividend criteria checks 3/6
Macerich is a dividend paying company with a current yield of 3.25% that is well covered by earnings. Next payment date is on 2nd December, 2024 with an ex-dividend date of 12th November, 2024.
Key information
3.2%
Dividend yield
-0.04%
Buyback Yield
| Total Shareholder Yield | 3.2% |
| Future Dividend Yield | 3.6% |
| Dividend Growth | 2.9% |
| Next dividend pay date | 02 Dec 24 |
| Ex dividend date | 12 Nov 24 |
| Dividend per share | US$0.680 |
| Payout ratio | 40% |
Recent dividend and buyback updates
Recent updates
Macerich: Old Retail Is Fading
Oct 16Macerich: Probability Of Better Dividends Is Weak
Aug 01Macerich: Increased Headwinds And Higher Valuation Reduce Investment Appeal (Rating Downgrade)
May 01Macerich: Recovery Takes Hold But Balance Sheet Remains A Risk
Dec 01Macerich: U.S. Malls Are Not Dying
Sep 20Macerich: Downgrading To Hold After Q2 Results
Aug 10Macerich: 6% Dividend Yield, Tangible Book Value A Concern
Jun 30Simon Property Vs. Macerich: What's The Best Mall REIT To Buy Today?
Jun 02Macerich: This Mall REIT Is Hard To Ignore Because Of Its Fat Dividend Yield
Feb 22Macerich: Cheap For A Reason
Feb 15Macerich Q4 2022 Earnings Preview
Feb 06Macerich declares $0.17 dividend
Jan 27Macerich's Investor Day Highlights: Reinventing The Mall
Dec 11Macerich: Now A Dividend Growth Stock
Nov 05Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MAC's dividend payments have been volatile in the past 10 years.
Growing Dividend: MAC's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Macerich Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MAC) | 3.2% |
| Market Bottom 25% (US) | 1.3% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Retail REITs) | 4.6% |
| Analyst forecast (MAC) (up to 3 years) | 3.6% |
Notable Dividend: MAC's dividend (3.25%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: MAC's dividend (3.25%) is low compared to the top 25% of dividend payers in the US market (4.2%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.3%), MAC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (57.6%), MAC's dividend payments are covered by cash flows.