Sunday, April 8, 2012

Tanger Increases Dividend for 19th Consecutive Year

Company Release - 04/05/2012 08:30


GREENSBORO, N.C., April 5, 2012 (GLOBE NEWSWIRE) -- Tanger Factory Outlet Centers, Inc.(NYSE:SKT) announced today that its Board of Directors approved a 5% increase in the annual dividend on its common shares from $.80 per share to $.84 per share. Simultaneously, the Board of Directors declared a quarterly dividend of $0.21 per share for the first quarter ended March 31, 2012. A cash dividend of $0.21 per share will be payable on May 15, 2012 to holders of record on April 30, 2012.

The company has paid dividends each quarter since becoming a public company in May 1993.

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