The Macerich Company (MAC) Dividend History
MAC latest dividend
$0.17last dividend per share
Ex-dividend dateSep 14Monday, 2026
Payment dateSep 28Monday, 2026
The next dividend has not been announced yet.
- 1994paying since
- Quarterly4 payments a year
- −10.0%5-year growth a year
- 2.96%forward yield
MAC dividend income calculator
- Dividend income a year
- $68
- Each payment
- $17
- Value of the shares
- $2,296
- Dividend yield
- 2.96%
At the latest close; forward annual dividend $0.68 per share, before tax.
MAC dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
MAC dividend safety
Payout ratio (earnings)133.3%
Above earnings · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)58.5%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)−10.0%
Shrinking · a year on average
Years of increases0
Short record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
MAC yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $17.24 | 3.94% | $0.68 | 3.9% |
| 3 years ago | $10.97 | 6.20% | $2.04 | 18.6% |
| 5 years ago | $18.15 | 3.75% | $3.32 | 18.3% |
| 10 years ago | $76.50 | 0.89% | $14.47 | 18.9% |
| 20 years ago | $72.80 | 0.93% | $41.78 | 57.4% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
MAC dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
MAC dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $0.68 | 0.0% | 3.68% | 4 |
| 2024 | $0.68 | 0.0% | 3.41% | 4 |
| 2023 | $0.68 | +9.7% | 4.41% | 4 |
| 2022 | $0.62 | +3.3% | 5.51% | 4 |
| 2021 | $0.60 | −47.8% | 3.47% | 4 |
| 2020 | $1.15 | −61.7% | 10.78% | 4 |
| 2019 | $3.00 | +1.0% | 11.14% | 4 |
| 2018 | $2.97 | +3.5% | 6.86% | 4 |
| 2017 | $2.87 | +4.4% | 4.37% | 4 |
| 2016 | $2.75 | −62.4% | 3.88% | 4 |
| 2015 | $7.31 | — | 9.06% | 5 |
| 2014 | $2.51 | +6.4% | 3.01% | 4 |
| 2013 | $2.36 | +5.8% | 4.01% | 4 |
| 2012 | $2.23 | +8.8% | 3.83% | 4 |
| 2011 | $2.05 | +31.4% | 4.05% | 4 |
| 2010 | $1.56 | +70.5% | 3.29% | 4 |
| 2009 | $0.92 | −69.1% | 2.58% | 4 |
| 2008 | $2.96 | +9.2% | 17.62% | 4 |
| 2007 | $2.71 | +6.5% | 4.12% | 4 |
| 2006 | $2.55 | — | 3.18% | 4 |
MAC dividend history
132 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-14 | 2026-09-28 | $0.17 | — | Quarterly |
| 2026-06-15 | 2026-06-29 | $0.17 | — | Quarterly |
| 2026-03-16 | 2026-03-30 | $0.17 | — | Quarterly |
| 2025-12-15 | 2025-12-29 | $0.17 | — | Quarterly |
| 2025-09-09 | 2025-09-23 | $0.17 | — | Quarterly |
| 2025-06-03 | 2025-06-17 | $0.17 | — | Quarterly |
| 2025-03-04 | 2025-03-18 | $0.17 | — | Quarterly |
| 2024-11-12 | 2024-12-02 | $0.17 | — | Quarterly |
| 2024-08-19 | 2024-09-09 | $0.17 | — | Quarterly |
| 2024-05-17 | 2024-06-03 | $0.17 | — | Quarterly |
| 2024-02-15 | 2024-03-04 | $0.17 | — | Quarterly |
| 2023-11-08 | 2023-12-01 | $0.17 | — | Quarterly |
| 2023-08-17 | 2023-09-08 | $0.17 | — | Quarterly |
| 2023-05-18 | 2023-06-02 | $0.17 | — | Quarterly |
| 2023-02-16 | 2023-03-03 | $0.17 | — | Quarterly |
| 2022-11-08 | 2022-12-02 | $0.17 | +13.3% | Quarterly |
Show all 132 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-08-18 | 2022-09-08 | $0.15 | — | Quarterly |
| 2022-05-19 | 2022-06-03 | $0.15 | — | Quarterly |
| 2022-02-17 | 2022-03-03 | $0.15 | — | Quarterly |
| 2021-11-08 | 2021-12-03 | $0.15 | — | Quarterly |
| 2021-08-18 | 2021-09-08 | $0.15 | — | Quarterly |
| 2021-05-06 | 2021-06-03 | $0.15 | — | Quarterly |
| 2021-02-18 | 2021-03-03 | $0.15 | — | Quarterly |
| 2020-11-06 | 2020-12-03 | $0.15 | — | Quarterly |
| 2020-08-18 | 2020-09-08 | $0.15 | +50.0% | Quarterly |
| 2020-04-21 | 2020-06-03 | $0.1 | −86.7% | Quarterly |
| 2020-02-20 | 2020-03-03 | $0.75 | — | Quarterly |
| 2019-11-07 | 2019-12-03 | $0.75 | — | Quarterly |
| 2019-08-16 | 2019-09-06 | $0.75 | — | Quarterly |
| 2019-05-07 | 2019-06-03 | $0.75 | — | Quarterly |
| 2019-02-20 | 2019-03-01 | $0.75 | — | Quarterly |
| 2018-11-08 | 2018-12-03 | $0.75 | +1.4% | Quarterly |
| 2018-08-16 | 2018-09-07 | $0.74 | — | Quarterly |
| 2018-05-07 | 2018-06-01 | $0.74 | — | Quarterly |
| 2018-02-20 | 2018-03-02 | $0.74 | — | Quarterly |
| 2017-11-09 | 2017-12-01 | $0.74 | +4.2% | Quarterly |
| 2017-08-16 | 2017-09-07 | $0.71 | — | Quarterly |
| 2017-05-03 | 2017-06-02 | $0.71 | — | Quarterly |
| 2017-02-16 | 2017-03-03 | $0.71 | — | Quarterly |
| 2016-11-08 | 2016-12-02 | $0.71 | +4.4% | Quarterly |
| 2016-08-17 | 2016-09-08 | $0.68 | — | Quarterly |
| 2016-05-03 | 2016-06-03 | $0.68 | — | Quarterly |
| 2016-02-17 | 2016-03-04 | $0.68 | — | Quarterly |
| 2015-11-10 | — | $0.68 | −85.5% | |
| 2015-11-09 | 2016-01-06 | $4.68 | +620.0% | Quarterly |
| 2015-08-18 | 2015-09-08 | $0.65 | — | Quarterly |
| 2015-05-06 | 2015-06-05 | $0.65 | — | Quarterly |
| 2015-02-18 | 2015-03-06 | $0.65 | — | Quarterly |
| 2014-11-07 | 2014-12-05 | $0.65 | +4.8% | Quarterly |
| 2014-08-18 | 2014-09-05 | $0.62 | — | Quarterly |
| 2014-05-07 | 2014-06-06 | $0.62 | — | Quarterly |
| 2014-02-19 | 2014-03-07 | $0.62 | — | Quarterly |
| 2013-11-07 | 2013-12-06 | $0.62 | +6.9% | Quarterly |
| 2013-08-16 | 2013-09-06 | $0.58 | — | Quarterly |
| 2013-05-08 | 2013-06-07 | $0.58 | — | Quarterly |
| 2013-02-20 | 2013-03-08 | $0.58 | — | Quarterly |
| 2012-11-07 | 2012-12-07 | $0.58 | +5.5% | Quarterly |
| 2012-08-16 | 2012-09-07 | $0.55 | — | Quarterly |
| 2012-05-08 | 2012-06-08 | $0.55 | — | Quarterly |
| 2012-02-17 | 2012-03-08 | $0.55 | — | Quarterly |
| 2011-11-08 | 2011-12-08 | $0.55 | +10.0% | Quarterly |
| 2011-08-17 | 2011-09-08 | $0.5 | — | Quarterly |
| 2011-05-06 | 2011-06-08 | $0.5 | — | Quarterly |
| 2011-02-17 | 2011-03-08 | $0.5 | — | Quarterly |
| 2010-11-09 | 2010-12-08 | $0.5 | — | Quarterly |
| 2010-08-18 | 2010-09-08 | $0.5 | — | Quarterly |
| 2010-05-06 | 2010-06-08 | $0.5 | +733.3% | Quarterly |
| 2010-02-11 | 2010-03-22 | $0.06 | +1.4% | Quarterly |
| 2009-11-09 | 2009-12-21 | $0.0592 | +1.8% | Quarterly |
| 2009-08-10 | 2009-09-21 | $0.0581 | +1.9% | Quarterly |
| 2009-05-07 | 2009-06-22 | $0.057 | −92.3% | Quarterly |
| 2009-02-18 | 2009-03-06 | $0.7407 | — | Quarterly |
| 2008-11-13 | 2008-12-08 | $0.7407 | — | Quarterly |
| 2008-08-19 | 2008-09-08 | $0.7407 | — | Quarterly |
| 2008-05-15 | 2008-06-09 | $0.7407 | — | Quarterly |
| 2008-02-20 | 2008-03-07 | $0.7407 | — | Quarterly |
| 2007-11-13 | 2007-12-07 | $0.7407 | +12.7% | Quarterly |
| 2007-08-17 | 2007-09-07 | $0.6574 | — | Quarterly |
| 2007-05-16 | 2007-06-08 | $0.6574 | — | Quarterly |
| 2007-02-21 | 2007-03-08 | $0.6574 | — | Quarterly |
| 2006-11-13 | 2006-12-08 | $0.6574 | +4.4% | Quarterly |
| 2006-08-16 | 2006-09-08 | $0.6296 | — | Quarterly |
| 2006-05-17 | 2006-06-09 | $0.6296 | — | Quarterly |
| 2006-02-21 | 2006-03-08 | $0.6296 | — | Quarterly |
| 2005-11-10 | 2005-12-09 | $0.6296 | +4.6% | Quarterly |
| 2005-08-05 | 2005-09-09 | $0.6018 | — | Quarterly |
| 2005-05-18 | 2005-06-10 | $0.6018 | — | Quarterly |
| 2005-02-18 | 2005-03-08 | $0.6018 | — | Quarterly |
| 2004-11-10 | 2004-12-09 | $0.6018 | +6.6% | Quarterly |
| 2004-08-18 | 2004-09-10 | $0.5648 | — | Quarterly |
| 2004-05-18 | 2004-06-10 | $0.5648 | — | Quarterly |
| 2004-02-19 | 2004-03-08 | $0.5648 | — | Quarterly |
| 2003-11-12 | 2003-12-09 | $0.5648 | +7.0% | Quarterly |
| 2003-08-18 | 2003-09-10 | $0.5278 | — | Quarterly |
| 2003-05-16 | 2003-06-10 | $0.5278 | — | Quarterly |
| 2003-02-20 | 2003-03-07 | $0.5278 | +3.6% | Quarterly |
| 2002-11-14 | 2002-12-09 | $0.5092 | — | Quarterly |
| 2002-08-23 | 2002-09-10 | $0.5092 | — | Quarterly |
| 2002-05-16 | 2002-06-10 | $0.5092 | — | Quarterly |
| 2002-02-20 | 2002-03-07 | $0.5092 | — | Quarterly |
| 2001-11-15 | 2001-12-07 | $0.5092 | +3.8% | Quarterly |
| 2001-08-16 | 2001-09-10 | $0.4907 | — | Quarterly |
| 2001-05-16 | 2001-06-08 | $0.4907 | — | Quarterly |
| 2001-02-20 | 2001-03-07 | $0.4907 | — | Quarterly |
| 2000-11-15 | 2000-12-07 | $0.4907 | +3.9% | Quarterly |
| 2000-08-16 | 2000-09-06 | $0.4722 | — | Quarterly |
| 2000-05-16 | 2000-06-07 | $0.4722 | — | Quarterly |
| 2000-02-16 | 2000-03-07 | $0.4722 | — | Quarterly |
| 1999-11-17 | 1999-12-07 | $0.4722 | +5.2% | Quarterly |
| 1999-08-17 | 1999-09-07 | $0.4491 | — | Quarterly |
| 1999-05-18 | 1999-06-11 | $0.4491 | — | Quarterly |
| 1999-02-16 | 1999-03-08 | $0.4491 | — | Quarterly |
| 1998-11-20 | 1998-12-07 | $0.4491 | +5.4% | Quarterly |
| 1998-08-12 | 1998-09-04 | $0.4259 | — | Quarterly |
| 1998-05-11 | 1998-06-05 | $0.4259 | — | Quarterly |
| 1998-02-05 | 1998-03-05 | $0.4259 | — | Quarterly |
| 1997-11-19 | 1997-12-09 | $0.4259 | +4.5% | Quarterly |
| 1997-08-14 | 1997-09-09 | $0.4074 | — | Quarterly |
| 1997-05-19 | 1997-06-04 | $0.4074 | — | Quarterly |
| 1997-02-18 | 1997-03-06 | $0.4074 | — | Quarterly |
| 1996-11-20 | 1996-12-05 | $0.4074 | +4.8% | Quarterly |
| 1996-08-19 | 1996-09-05 | $0.3889 | — | Quarterly |
| 1996-05-17 | 1996-06-04 | $0.3889 | — | Quarterly |
| 1996-02-15 | 1996-03-05 | $0.3889 | — | Quarterly |
| 1995-11-21 | 1995-12-05 | $0.3889 | — | Quarterly |
| 1995-08-18 | 1995-09-07 | $0.3889 | — | Quarterly |
| 1995-05-16 | 1995-06-05 | $0.3889 | +5.0% | Quarterly |
| 1995-02-13 | 1995-02-28 | $0.3704 | — | Quarterly |
| 1994-11-07 | 1994-11-25 | $0.3704 | −7.4% | Quarterly |
| 1994-08-10 | — | $0.4 | +8.0% | |
| 1994-08-04 | 1994-08-19 | $0.3704 | +471.4% | Quarterly |
| 1994-05-06 | 1994-05-24 | $0.0648 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
MAC stock split history
- 1014:1000February 11, 2010
- 10179:10000November 9, 2009
- 10189:10000August 10, 2009
- 1027:1000May 7, 2009
MAC dividend overview
Macerich pays an annual dividend of $0.68 per share, a yield of 2.96% at the latest close, paid quarterly. It paid $0.68 per share in 2025, unchanged from 2024. Over five years the dividend grew −10.0% a year on average and over ten years −21.1% a year. The payout ratio is 133.3% of trailing earnings.
Related: MAC cash flow statement, MAC key metrics, MAC chart. See the MAC stock overview for the latest quote and news.
MAC dividends FAQ
Does Macerich pay a dividend?
Yes. Macerich has paid a regular dividend since 1994, quarterly, most recently $0.17 per share with an ex-dividend date of September 14, 2026.
What is Macerich's dividend yield?
Macerich's forward annual dividend is $0.68 per share, a dividend yield of 2.96% at the latest close of $22.96.
How often does Macerich pay dividends?
Macerich pays dividends quarterly.
How fast is Macerich's dividend growing?
Macerich's dividend per share grew from $1.15 in 2020 to $0.68 in 2025, −10.0% a year on average over five years.
What is Macerich's dividend payout ratio?
Macerich pays out 133.3% of its trailing earnings as dividends and 58.5% of its free cash flow (fiscal 2025).
Has Macerich split its stock?
Macerich has split its stock 4 times: 1014:1000 on February 11, 2010, 10179:10000 on November 9, 2009, 10189:10000 on August 10, 2009, 1027:1000 on May 7, 2009. Dividends per share on this page are adjusted for splits.