The Macerich Company · MAC · NYSE
Dividend report · updated Nov 9, 2026
$25.29 +1.81% on the day, +$0.45
MAC stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is MAC’s dividend Very Safe or High Risk? 12 checks scored. Payout ratio, raise streak, recession record and 9 more. Show the rating
Yearly payout / yield
$0.68·2.69%
$0.17 quarterly x 4 ⓘ
Next payment
~$0.17/qtr
pays ~Dec 16 (est.) ⓘ
Next ex-date
Dec 14est.
own by Dec 11 ⓘ
Years without a cut
5 yrs
since the 2020 cut (-86.7%) ⓘ
Recession record
2000raised2008cut2020cut2022raised
cut in 2020
Yield vs history ⓘ
9
Well below its usual yield
MAC share price & total return
Daily closing price, adjusted for stock splits.
MAC stock page »All dividend lists »Build a portfolio around MAC »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
MAC Dividend Growth (CAGR)
1Y 0.0%3Y 0.0%5Y +2.5%10Y -12.9%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 130 payments since 1994.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is expected (1 estimated from the current $0.17 rate), not a promise. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: 0% a year, its typical raise over the last 5 years. Today's $0.68 a year would stay $0.68 by 2031 - 2.69% on today's $25.29 price.

How Many MAC Shares for $500 or $1,000 a Month?

At $0.68 a share a year, $500 a month takes about 8,824 MAC shares, about $223,159 at the Nov 9, 2026 close of $25.29. $1,000 a month takes about 17,648 shares, about $446,318. Before taxes, and only while the rate holds.

Macerich (MAC) pays $0.17 a share quarterly, $0.68 a year, a 2.69% run-rate yield at the Nov 9, 2026 close of $25.29. It has made 130 dividend payments since 1994.

At today’s rate of $0.17 quarterly and the last close of $25.29, this is what MAC pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.17$0.06$0.68
100 shares$17.00$5.67$68.00
$10,000 invested (395.4 shares)$67.22$22.41$268.88
8,824 shares ($500/mo)$1,500.08$500.03$6,000.32
17,648 shares ($1,000/mo)$3,000.16$1,000.05$12,000.64

With DRIP on, every payment buys more shares instead of landing as cash. 100 MAC shares reinvest into 0.67 new shares each payment, about 2.7 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 149 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with MAC’s own history in the MAC DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See MAC’s rating and its 12 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (cash flow): does cash from the business cover the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Liquidity: is there cash for debts due this year rating
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history
  • Crash record: what the dividend did in the 2008 crash history

MAC Dividend Yield Today vs Its 5-Year Range

9/100Well below its usual yieldvs its 5-yr history
  • MAC yields 2.69% today, at the Nov 9, 2026 close of $25.29.
  • Its own 5-year median is 4.02%, so today’s yield is well below its usual level.
Last 5 years: lowest to highest month-end yield
2.63% low7.56% high
Blue mark = today, grey = its 5-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 5 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is MAC’s Next Dividend? Ex-Date and Pay Date After September 2026

MAC has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 14, 2026, with the cash around Dec 16, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.17 a share, went ex on Sep 14, 2026 and paid Sep 16, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 2 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does MAC Pay?

MAC pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 2 days later.

Paid in the last 12 months
$0.68 a share, in 4 payments.
+0.0% against the 12 months before ($0.68 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Mar, Jun, Sep and Dec. Ex-dates fall in Mar, Jun, Sep and Dec (latest 4 payments).
Raise history
  • Streak: 0 years of higher annual totals (through 2025)
  • Last raise: Nov 8, 2022 - $0.15 to $0.17 (+$0.02, +13.33%)
  • Usual $ step: $0.03 (median of the raises before it)
Coverage
  • FFO payout (approx.): 76.6% - $0.68 paid / $0.89 FFO per share (net income + depreciation & amortization, 4 quarters to Sep 30, 2026)
  • Cash-flow payout: 37.3% - $0.68 paid / $1.82 operating cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 49.3% (median of 12 earlier trailing years)
  • GAAP EPS payout (context): n/a (EPS negative) - $0.68 paid / -$0.37 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 300.0% (median of 12 earlier trailing years)
REITs pay from funds from operations; GAAP EPS understates coverage.

MAC vs Similar Dividend Stocks (STAG, FR...)

Against the 10 dividend-paying Real Estate companies closest to MAC in market value, MAC’s 2.69% run-rate yield is below the group’s middle yield of 4.32%, and its raise streak of 0 years is the 8th longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating Recessions ⓘ No cut ⓘ
MAC $25.29Macerich $0.17/qtr$0.68/yr fwd 2.69% Dividend Safety Rating: paid plans only Cut in 20202000 raised2008 cut2020 cut2022 raised 5 yrsno raise streak
STAG $37.45STAG Industrial $0.388/qtr$1.55/yr fwd 4.14% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 14+ yrsraised 11 yrs in a row
FR $54.93First Industrial Realty Trust $0.50/qtr$2.00/yr fwd 3.64% Dividend Safety Rating: paid plans only Stopped in 20092000 raised2008 stopped2020 raised2022 raised 13 yrsraised 12 yrs in a row
TRNO $67.36Terreno Realty $0.57/qtr$2.28/yr fwd 3.38% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 13+ yrsraised 14+ yrs in a row
VNO $36.65Vornado Realty Trust $0.74/yr 2.02% Dividend Safety Rating: paid plans only Stopped in 20232000 raised2008 cut2020 cut2022 stopped 5 yrsno raise streak
FSV $157.05FirstService $0.305/qtr$1.22/yr fwd 0.78% Dividend Safety Rating: paid plans only No cut in both2020 held2022 raisedno 2000/2008 record 10+ yrsraised 10+ yrs in a row
HR $19.36Healthcare Realty Trust $0.24/qtr$0.96/yr fwd 4.96% Dividend Safety Rating: paid plans only Cut in 20102000 raised2008 cut2020 raised2022 raised 0 yrsno raise streak
ARE $45.89Alexandria Real Estate Equities $0.72/qtr$2.88/yr fwd 6.28% Dividend Safety Rating: paid plans only Cut in 20092000 raised2008 cut2020 raised2022 raised 0 yrsno raise streak
NNN $41.70NNN REIT $0.62/qtr$2.48/yr fwd 5.95% Dividend Safety Rating: paid plans only Raised in all 42000 raised2008 raised2020 raised2022 raised 34+ yrsraised 34 yrs in a row
EPRT $28.29Essential Properties Realty Trust $0.32/qtr$1.28/yr fwd 4.52% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 6+ yrsraised 6 yrs in a row
REXR $38.71Rexford Industrial Realty $0.435/qtr$1.74/yr fwd 4.49% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 11+ yrsraised 11 yrs in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: MAC vs STAG, MAC vs FR, MAC vs TRNO.

MAC Dividend History: Every Payment Since 1994

Ex-datePay dateAmountFrequencyType
Sep 14, 2026Sep 16, 2026$0.17QuarterlyRegular
Jun 15, 2026Jun 17, 2026$0.17QuarterlyRegular
Mar 16, 2026Mar 18, 2026$0.17QuarterlyRegular
Dec 15, 2025Dec 17, 2025$0.17QuarterlyRegular
Sep 9, 2025Sep 11, 2025$0.17QuarterlyRegular
Jun 3, 2025Jun 5, 2025$0.17QuarterlyRegular
Mar 4, 2025Mar 6, 2025$0.17QuarterlyRegular
Nov 12, 2024Nov 14, 2024$0.17QuarterlyRegular
Aug 19, 2024Aug 21, 2024$0.17QuarterlyRegular
May 17, 2024May 20, 2024$0.17QuarterlyRegular
The other 120 MAC payments come with a paid plan.
Show all 130 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for MAC

UnlockDividend Safety Rating: paid plans only
See where MAC lands, and why.
See the rating & factors »
Own MAC? Your payouts fill in by themselves Add MAC once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track MAC →

MAC Dividend Questions

How often does MAC pay dividends?

MAC pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 2 days later.

Does MAC pay dividends monthly?

No. MAC pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next MAC dividend?

MAC has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 14, 2026, with the cash around Dec 16, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.17 a share, went ex on Sep 14, 2026 and paid Sep 16, 2026. The current rate is $0.17 per share, $0.68 a year.

Does MAC pay a dividend in December 2026?

Not declared yet. By its usual rhythm the next ex-date falls around Dec 14, 2026, with the cash around Dec 16, 2026, so a payment in December 2026 is likely. Only the company’s declaration makes it final.

How much does MAC pay per share?

MAC pays $0.17 a share quarterly, $0.68 a year. At the Nov 9, 2026 close of $25.29 that is a 2.69% run-rate yield, well below its usual level: its own 5-year median is 4.02%.

Has MAC raised its dividend?

MAC has no current streak of yearly raises. The latest raise, on Nov 8, 2022, took the rate from $0.15 to $0.17 (+13.33%). Over five years the dividend grew 2.5% a year.

Is MAC’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. MAC paid out 37% of its cash flow as dividends over the 4 quarters to Sep 30, 2026. It has gone 5 years without a cut. Through the market crashes: it raised the dividend through the 2000 and 2022 crashes; it cut it in the 2008 (in 2009) and 2020 crashes. This is data, not investment advice. The full 12-check rating comes with a plan.

How do I track my MAC dividends?

Add MAC to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run MAC in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 9, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 12 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.