Can Investors Rely on Macerich's 10% Dividend Yield?
The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) focused on managing luxury malls in the United States. Like the rest of the retail sector, Macerich's stock has been under pressure in recent years. A combination of increased competition from e-commerce and high debt levels has pushed many retailers to close stores and some to file bankruptcy.
Macerich isn't as vulnerable as your run-of-the-mill mall operator because it focuses on high-end luxury malls, which have continued to show strong financial performance.
As the company's stock price has fallen, its dividend yield has risen. Today, Macerich's dividend is approaching 10%. Is this a good value for investors, or is this high yield at risk of being cut?
Source Fool.com
