Macerich Company (The) (NYSE:MAC) Updates On Dividend Release Date


On 2016-07-25, Macerich Company (The) (NYSE:MAC) confirmed the dividend disbursement of $0.68 a share to shareholders as on record 2016-08-19. The firm will release dividend on 2016-09-08 while ex-dividend date is reported to be 2016-08-17.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Macerich Company (The) (NYSE:MAC) paid a total of $0.68 per share in dividends. This figure stood at $0.68 a share in the same period a year ago indicating a deviation of 84.4622%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $86.111 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $94 and $79, respectively.

Taking the mathematical rating formula, the price for Macerich Company (The) (NYSE:MAC) stands at 2.92. Earnings Review Macerich Company (The) (NYSE:MAC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-25. For the period ending on 2016-09-30, experts are expecting EPS of $1.04.

Coming to the quarter ending on 2015-12-31, Macerich Company (The) (NYSE:MAC) recorded EPS of $1.02. The reported numbers came lower than the analysts’ estimates of $0.97, demonstrating a miss of $0.05 as against reported figures.

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