MAC Dividend History & Analysis | 3.4% Yield

MAC has a dividend yield of 3.4% and paid 0.68 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.41%
Payout Ratio 133.3%
Growth Rate CAGR 5y 2.3%
Consistency Lifetime 98.3%
Yield on Cost 5y 5%
Payout FCF 112.8%
Streak Years 5
Dividend Rating 54.4%
Chowder Number yield + growth 5.7% below 12% target for healthy growth
Yield vs Average 5y -20.3% avg 4.28% vs now 3.41%
Debt / EBITDA leverage 11.7x elevated
Income per 10k invested 341 USD per year
Ex-Dividend in 17 days: Buy before Sep 14, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly MAC annual dividends paid per share, showing the total cash Macerich distributed to shareholders each year.
Dividend Growth Year over Year MAC year-over-year dividend growth rate, showing how Macerich's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History MAC dividend yield history versus share price over the past 5 years, showing how Macerich's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Retail REITs

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
IVT NYSE
Inventrust Properties
2,548 M 3.18% 90.41%
LI PA
Klepierre
12,995 M 5.50% 12.42%
GTY NYSE
Getty Realty
2,051 M 6.50% 8.22%
KRG NYSE
Kite Realty Trust
5,366 M 5.26% 7.93%
NNN NYSE
NNN REIT
8,769 M 5.66% 6.68%
SPG NYSE
Simon Property
83,749 M 4.67% 8.61%
J69U SG
Frasers Centrepoint Trust
3,502 M 5.21% 6.81%
O NYSE
Realty Income
59,773 M 5.35% 6.01%
URW PA
Unibail-Rodamco-Westfield
17,377 M 4.71% 6.83%
FVR NYSE
FrontView REIT
600 M 5.52% 5.01%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
URW PA
Unibail-Rodamco-Westfield
17,377 M 34.10% 100.0%
SKT NYSE
Tanger Factory Outlet
4,581 M 11.58% 100.0%
KRG NYSE
Kite Realty Trust
5,366 M 11.31% 100.0%
SPG NYSE
Simon Property
83,749 M 7.61% 100.0%
BRX NYSE
Brixmor Property
9,090 M 6.22% 100.0%
UE NYSE
Urban Edge Properties
2,988 M 6.25% 99.2%
PECO NASDAQ
Phillips Edison
5,606 M 4.78% 100.0%
GTY NYSE
Getty Realty
2,051 M 4.47% 100.0%
REG NASDAQ
Regency Centers
14,220 M 4.42% 100.0%
IVT NYSE
Inventrust Properties
2,548 M 9.81% 100.0%

MAC Dividend History

Dividend Monthly Return EX date, 4.8 years of data

Jan - -
Feb 0.65% 60
Mar 0.37% 40
Apr - -
May 0.83% 60
Jun 0.34% 40
Jul - -
Aug 0.99% 67
Sep 0.23% 22
Oct - -
Nov 0.91% 80
Dec 0.18% 20

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 20 Payments (USD) as of August 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-09-14 2026-09-14 2026-09-28 Quarterly 0.17 0% N/A
2026-06-15 2026-06-15 2026-06-29 Quarterly 0.17 0% 0.67%
2026-03-16 2026-03-16 2026-03-30 Quarterly 0.17 0% 0.9%
2025-12-15 2025-12-15 2025-12-29 Quarterly 0.17 0% 0.91%
2025-09-09 2025-09-09 2025-09-23 Quarterly 0.17 0% 0.93%
2025-06-03 2025-06-03 2025-06-17 Quarterly 0.17 0% 1.06%
2025-03-04 2025-03-04 2025-03-18 Quarterly 0.17 0% 0.95%
2024-11-12 2024-11-12 2024-12-02 Quarterly 0.17 0% 0.86%
2024-08-19 2024-08-19 2024-09-09 Quarterly 0.17 0% 1.16%
2024-05-17 2024-05-20 2024-06-03 Quarterly 0.17 0% 1.08%
2024-02-15 2024-02-16 2024-03-04 Quarterly 0.17 0% 1.01%
2023-11-08 2023-11-09 2023-12-01 Quarterly 0.17 0% 1.63%
2023-08-17 2023-08-18 2023-09-08 Quarterly 0.17 0% 1.44%
2023-05-18 2023-05-19 2023-06-02 Quarterly 0.17 0% 1.8%
2023-02-16 2023-02-17 2023-03-03 Quarterly 0.17 0% 1.32%
2022-11-08 2022-11-09 2022-12-02 Quarterly 0.17 +13.3% 1.41%
2022-08-18 2022-08-19 2022-09-08 Quarterly 0.15 0% 1.36%
2022-05-19 2022-05-20 2022-06-03 Quarterly 0.15 0% 1.26%
2022-02-17 2022-02-18 2022-03-03 Quarterly 0.15 0% 0.93%
2021-11-08 2021-11-09 2021-12-03 Quarterly 0.15 0% 0.68%

MAC Dividend FAQ

What is the Dividend Yield of MAC?

As of August 2026, MAC's dividend yield is 3.41%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.68 USD by the current share price of 24.18.

Does MAC pay a dividend?

As of August 2026, MAC paid a dividend of 0.68 USD in the last 12 months. The last dividend was paid on 2026-09-14 and the payout was 0.17 USD.

How often does MAC pay dividends?

MAC pays dividends quarterly. Over the last 12 months, MAC has issued 4 dividend payments. The last dividend payment was made on 2026-09-14.

MAC dividend forecast

Based on historical data, the forecasted dividends per share for MAC for the next payments are between 0.168 (-1.2%) and 0.172 (+1.2%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 2.82%.

Will MAC pay dividends in 2026?

The latest dividend paid per share was 0.17 USD with an Ex-Dividend Date of 2026-09-14. The next Ex-Dividend date for Macerich (MAC) is 2026-09-14.

What is the next Ex-Dividend Date for MAC?

The next Ex-Dividend date for Macerich (MAC) is 2026-09-14.

What is the Dividend Growth of MAC?

MAC's average dividend growth rate over the past 5 years is 2.30% per year. Weak growth: MAC's dividend growth is lower than inflation.

What is the Yield on Cost of MAC?

MAC's 5-Year Yield on Cost is 5.00%. If you bought MAC's shares at 13.61 USD five years ago, your current annual dividend income (0.68 USD per share, trailing 12 months) equals 5.00% of your original purchase price.

What is the Payout Consistency of MAC?

MAC Payout Consistency is 98.3%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Macerich has a strong track record of consistent dividend payments over its lifetime.

Does MAC have a good Dividend Yield?

MAC's 3.41% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of MAC?

The Dividend Payout Ratio of MAC is 133.3%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of MAC?

MAC's Overall Dividend Rating is 54.43%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

MAC Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in MAC's Outstanding Shares?

Macerich's outstanding shares have increased by approximately 11.09% annually over the past 3 years (Trend Reliability: 94.7%). Significant dilution: Heavy share issuance is diluting existing shareholders. Even if total dividends paid increase, your dividend per share may stagnate or decline.

Has MAC ever had a Stock Split?

Yes, the last stock split was on Feb 11, 2010 with a ratio of 1014:1000. This was a forward split: Each share became 1.01 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1994 15,265,700 0%
1995 14,532,900 -4.8%
1996 17,089,900 +17.59%
1997 21,497,100 +25.79%
1998 35,533,800 +65.3%
1999 35,388,700 -0.41%
2000 34,920,500 -1.32%
2001 44,963,000 +28.76%
2002 53,743,700 +19.53%
2003 59,913,200 +11.48%
2004 73,099,000 +22.01%
2005 73,573,000 +0.65%
2006 88,058,000 +19.69%
2007 75,095,700 -14.72%
2008 86,794,000 +15.58%
2009 81,226,000 -6.42%
2010 120,346,000 +48.16%
2011 131,628,000 +9.37%
2012 137,202,400 +4.23%
2013 140,248,500 +2.22%
2014 158,202,000 +12.8%
2015 154,405,000 -2.4%
2016 143,985,000 -6.75%
2017 140,994,000 -2.08%
2018 141,221,700 +0.16%
2019 141,407,700 +0.13%
2020 149,770,600 +5.91%
2021 223,164,000 +49%
2022 215,178,000 -3.58%
2023 215,807,000 +0.29%
2024 236,619,000 +9.64%
2025 256,618,000 +8.45%
2026 273,715,000 +6.66%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-08-18 02:46 UTC