The Macerich Company (MAC) will raise its quarterly dividend from $0.74 to $0.75 per share in 2018. This follows a 4.2 percent dividend increase by the real estate investment trust last year.

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.