Macerich announces 2024 dividend tax treatment for shareholders, detailing amounts and classifications for distributions paid.
Quiver AI Summary
The Macerich Company announced the tax treatment for its 2024 dividend distributions, revealing that it paid a total of $0.68 per share during the year 2024. The distribution details include ordinary dividends, non-dividend distributions, and capital gain distributions for several record and payable dates throughout the year. Macerich, a real estate investment trust (REIT) focused on high-quality retail real estate across the U.S., is dedicated to sustainability and corporate governance, having achieved a top GRESB ranking for the North American retail sector for ten consecutive years. For further information, investors can visit Macerich's website and its social media platforms.
Potential Positives
- Macerich is distributing a total of $0.68 per share in dividends for the year 2024, indicating financial health and a return of capital to shareholders.
- The company has maintained its #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years, showcasing its commitment to sustainability and corporate responsibility.
- Macerich operates in key U.S. markets and owns 43 million square feet of prime retail real estate, positioning the company well for future growth opportunities.
Potential Negatives
- The classification of dividends as taxable ordinary dividends could indicate a less favorable tax situation for shareholders, potentially affecting investor sentiment.
- The absence of Section 199A and qualified dividends suggests that shareholders may not benefit from certain tax advantages, which could lead to dissatisfaction among investors.
- The ongoing reliance on dividend payments, despite potential economic downturns or poor performance, may raise concerns about the company's financial stability and management decisions.
FAQ
What is the dividend distribution amount for Macerich in 2024?
Macerich paid a total dividend distribution of $0.68 per share in 2024.
How are the 2024 dividends classified for tax purposes?
The 2024 dividends are classified as taxable ordinary dividends, qualified dividends, total capital gain distribution, and non-dividend distributions.
What are the record dates for Macerich's 2024 dividends?
The record dates for the 2024 dividends are February 16, May 20, August 19, and November 12.
When will the 2024 dividends be payable?
The 2024 dividends will be payable on March 4, June 3, September 9, and December 2.
How does Macerich support sustainability initiatives?
Macerich is a leader in sustainability, holding a #1 GRESB ranking for the North American retail sector for ten consecutive years.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MAC Insider Trading Activity
$MAC insiders have traded $MAC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $MAC stock by insiders over the last 6 months:
- ANDREA M STEPHEN sold 63,289 shares for an estimated $1,303,120
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MAC Hedge Fund Activity
We have seen 128 institutional investors add shares of $MAC stock to their portfolio, and 134 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 11,679,276 shares (+12475.9%) to their portfolio in Q3 2024, for an estimated $213,029,994
- DEUTSCHE BANK AG\ removed 4,160,673 shares (-88.0%) from their portfolio in Q3 2024, for an estimated $75,890,675
- CITADEL ADVISORS LLC added 2,528,194 shares (+19447646.2%) to their portfolio in Q3 2024, for an estimated $46,114,258
- WELLINGTON MANAGEMENT GROUP LLP removed 2,421,824 shares (-69.5%) from their portfolio in Q3 2024, for an estimated $44,174,069
- CENTERSQUARE INVESTMENT MANAGEMENT LLC added 1,676,771 shares (+282.0%) to their portfolio in Q3 2024, for an estimated $30,584,303
- BAMCO INC /NY/ added 1,494,145 shares (+742.3%) to their portfolio in Q3 2024, for an estimated $27,253,204
- RUSSELL INVESTMENTS GROUP, LTD. removed 1,091,221 shares (-81.5%) from their portfolio in Q3 2024, for an estimated $19,903,871
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SANTA MONICA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2024 on its Common Stock.
During the calendar year ended December 31, 2024, Macerich paid dividends of $.68 per share. The 2024 dividends are classified for income tax purposes as follows for The Macerich Company, Common Stock, CUSIP # 554382101:
| Record Date | Payable Date | Rate per Share | 2024 Taxable Ordinary Dividends | 2024 Section 199A Dividends* | 2024 Qualified Dividends* | 2024 Total Capital Gain Distribution | 2024 Nondividend Distribution | ||||||
| 2/16/2024 | 3/4/2024 | $0.17 | $0.00 | $ 0.00 | $0.00 | $0.09 | $0.08 | ||||||
| 5/20/2024 | 6/3/2024 | $0.17 | $0.00 | $ 0.00 | $0.00 | $0.09 | $0.08 | ||||||
| 8/19/2024 | 9/9/2024 | $0.17 | $0.00 | $ 0.00 | $0.00 | $0.09 | $0.08 | ||||||
| 11/12/2024 | 12/2/2024 | $0.17 | $0.00 | $ 0.00 | $0.00 | $0.09 | $0.08 | ||||||
* These amounts are included in the 2024 Taxable Ordinary Dividends column.
About Macerich
Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 43 million square feet of real estate, consisting primarily of interests in 40 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good, and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years (2015-2024). For more information, please visit www.Macerich.com .
Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at
investing.macerich.com
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MAC-I
SOURCE: Macerich
INVESTOR CONTACT: Samantha Greening, AVP Investor Relations, [email protected]
