The Macerich Company
MACReal Estate · Stock · quarterly payer
Forward Yield
2.62%
Annual Dividend
$0.68
Payout Ratio
189%
5-Yr Growth
5.0%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
Summary
As of July 2026, The Macerich Company (MAC) yields 2.62% ($0.68 per share annually), with a blended fair-value estimate of $10.74 — -59% downside, so it screens as overvalued. Dividend safety grade: C (59/100).
Is MAC a good dividend stock?
Yes, with caveatsThe Macerich Company (MAC) pays a quarterly dividend yielding 2.62% ($0.68/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- 52% total price return over 5 years
Risks
- Cut its dividend in 2020
- Elevated payout ratio (189%)
Key Data
- Dividend Yield
- 2.62%
- Payout Ratio
- 189%
- Annual Dividend
- $0.68
- 5-Yr Avg Growth
- 5.0%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 2.06
- Market Cap
- $7.9B
- P/E Ratio
- —
- 5-Yr Total Return
- 52%
- 52-Week Range
- $15.94 – $26.23
- Dividend Safety
- C · 59/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
MAC Price — Last 12 Months
Daily close
Price Return
1 Year
+41%
3 Years
+122%
5 Years
+52%
52-Week Range
$15.94 – $26.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MAC worth?
Overvaluedlow confidenceOur blended fair-value estimate for The Macerich Company is $10.74 per share, versus a market price of $25.92. That implies 59% of downside.
Fair Value
$10.74
Current Price
$25.92
Downside
-59%
Margin of Safety
-141%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 12.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, -$0.72 EPS, $0.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MAC Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.1700 | regular |
| Mar 16, 2026 | — | $0.1700 | regular |
| Dec 15, 2025 | — | $0.1700 | regular |
| Sep 9, 2025 | — | $0.1700 | regular |
| Jun 3, 2025 | — | $0.1700 | regular |
| Mar 4, 2025 | — | $0.1700 | regular |
| Nov 12, 2024 | — | $0.1700 | regular |
| Aug 19, 2024 | — | $0.1700 | regular |
| May 17, 2024 | — | $0.1700 | regular |
| Feb 15, 2024 | — | $0.1700 | regular |
| Nov 8, 2023 | — | $0.1700 | regular |
| Aug 17, 2023 | — | $0.1700 | regular |
| May 18, 2023 | — | $0.1700 | regular |
| Feb 16, 2023 | — | $0.1700 | regular |
Income Calculator
At $0.68 / yr per share
