The Macerich Company (MAC) will raise its quarterly dividend by 4.2 percent to $0.74 per share. The next dividend is payable on December 1, 2017 to stockholders of record at the close of business on November 10, 2017.

The Macerich Company is a self-administered and self-managed real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich has significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. The Company's properties include Danbury Fair Mall, Desert Sky Mall, Fresno Fashion Fair, NorthPark Mall, Oaks, The, Towne Mall, Valley Mall, Arrowhead Towne Center, Deptford Mall and South Plains Mall. Macerich has paid a dividend every year since 1994.