The Macerich Company
S&P 500MAC/Real Estate · REIT - Retail/NYSE
Dividend Yield
2.83%
$0.68 · Annual Dividend
Dividend Safety Rating
MAC's dividend shows some areas that warrant monitoring. Strengths include a 53.7% ffo payout ratio & 199.0 debt-to-equity. Areas of concern: 77.4% cfo payout ratio & 0.3x interest coverage. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 14 of 15 metrics
Strengths
- FFO Payout Ratio: 53.7%Dividends are well covered by funds from operations (FFO).
- Gross Margin: 50.5%High gross margin signals strong pricing power.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
Risks
- Interest Coverage: 0.3xInterest coverage is thin relative to debt servicing.
- Current Ratio: 0.3xLimited short-term liquidity to meet obligations.
- Return on Equity: -7.1%Return on equity is below industry norms.
Payout & Coverage
CautionBalance Sheet
CautionProfitability
CautionDividend Track Record
CautionAbout The Macerich Company
The Macerich Company is a real estate investment trust (REIT) that focuses on the acquisition, ownership, and management of shopping centers throughout the United States. As one of the leading owners and operators of major retail properties, its portfolio predominantly consists of high-profile regional malls and dynamic shopping centers positioned in geographically diverse locations. Macerich's primary function is to generate income through leasing retail spaces to a variety of tenants, including fashion retailers, restaurants, and entertainment venues. Their strategic approach often involves revitalizing and redeveloping existing properties to adapt to evolving consumer preferences and marketplace trends. The Macerich Company plays a significant role in the commercial real estate sector, shaping the retail experience by creating vibrant community hubs that foster economic activity. By focusing on high-quality, well-located malls, Macerich seeks to maintain a leading position in the industry, adapting and thriving amid challenges in the retail environment.
Dividend Overview
Dividend Yield
2.83%
Annual Dividend
$0.68
Frequency
Quarterly
Payout Ratio
188.89%
FCF Payout Ratio
60.17%
52-Week Range
$15.79 - $25.80
Dividend History (2016–2025)
MAC annual dividend per share and yield history
Earnings & Profitability
MAC earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
June 15, 2026
Next Payment Date
June 29, 2026
Dividend Growth
3-Year Dividend CAGR
3.13%
5-Year Dividend CAGR
-9.98%
10-Year Dividend CAGR
-16.13%
3-Year Total Growth
9.68%
5-Year Total Growth
-40.87%
10-Year Total Growth
-82.78%
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.