Tanger Factory Outlet Centers, Inc. announced today that its Board of Directors declared a dividend of $0.3875 per common share for the second quarter ended June 30, 2010. On August 13, 2010, a cash dividend of $0.3875 per share will be payable to holders of record on July 30, 2010. The Company has paid dividends each quarter since it became a publicly traded company in May 1993.
The Company's Board of Directors also declared a dividend of $0.46875 per share on its 3,000,000 7.5% Class C Preferred Shares. A cash dividend of $0.46875 per Preferred Share will be payable on August 16, 2010 to holders of record on July 30, 2010.
Mark Libell
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