Tanger Increases Dividend for 18th Consecutive Year

Company Release - 04/07/2011 08:30

GREENSBORO, N.C., April 7, 2011 (GLOBE NEWSWIRE) -- Tanger Factory Outlet Centers, Inc.(NYSE:SKT), announced today that its Board of Directors approved a 3.2% increase in the annual dividend on its common shares from $.775 per share to $.80 per share. Simultaneously, the Board of Directors declared a quarterly dividend of $0.20 per share for the first quarter ended March 31, 2011. A cash dividend of $0.20 per share will be payable on May 13, 2011 to holders of record on April 29, 2011.

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