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Ex-Dividend Reminder: Macerich, Southside Bancshares and Switch

By Dividend Channel Staff, Monday, August 16, 9:59 AM ET

On 8/18/21, Macerich Co (NYSE:MAC), Southside Bancshares, Inc. (NASDAQ:SBSI), and Switch Inc (SWCH) will all trade ex-dividend for their respective upcoming dividends. Macerich Co will pay its quarterly dividend of $0.15 on 9/8/21, Southside Bancshares, Inc. will pay its quarterly dividend of $0.33 on 9/2/21, and Switch Inc will pay its quarterly dividend of $0.0525 on 8/31/21.

As a percentage of MAC's recent stock price of $16.57, this dividend works out to approximately 0.91%, so look for shares of Macerich Co to trade 0.91% lower — all else being equal — when MAC shares open for trading on 8/18/21. Similarly, investors should look for SBSI to open 0.89% lower in price and for SWCH to open 0.22% lower, all else being equal.

Below are dividend history charts for MAC, SBSI, and SWCH, showing historical dividends prior to the most recent ones declared.

Macerich Co (NYSE:MAC):

Southside Bancshares, Inc. (NASDAQ:SBSI):

Switch Inc (SWCH):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.62% for Macerich Co , 3.56% for Southside Bancshares, Inc., and 0.88% for Switch Inc.


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In Monday trading, Macerich Co shares are currently off about 1.7%, Southside Bancshares, Inc. shares are down about 1%, and Switch Inc shares are down about 0.5% on the day.


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