Today I purchased 80 shares Macerich at $41,11. Macerich is paying a quarterly dividend of $0,75 per share so as a result of this purchase my yearly estimated dividend income will increase with $240.
My yield on cost based on a total dividend of $3 per year is 7,3%.
I had Macericht on my watchlist for a long time with as trigger to buy it if shares would go over 7%. Macerich is a REIT owning high quality shopping malls. The is down around a thrid since the 52 weeks high reached in the summer of 2018.
Interesting company right there! Didn’t realize they were a publicly traded company. My wife and I shopped at one of their properties in December! But the company has a great yield and a diversified portfolio. I’ll have to take a deeper dive myself. But on the surface, the metrics looks great.
Bert
They own a nice portfolio of high quality malls and due to their price I think it’s at the moment a better choic than Simon Property Group.