Purchase 80 shares Macerich

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.

2 thoughts on “Purchase 80 shares Macerich”

  1. 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

    Reply

    1. 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.

      Reply

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