Tanger Outlets declares dividend

GREENSBORO, N.C., Oct. 7, 2010 (GLOBE NEWSWIRE) -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT), announced today (Thursday 10/7) that its Board of Directors declared a dividend of $0.3875 per common share for the third quarter ended September 30, 2010. On November 15, 2010, a cash dividend of $0.3875 per share will be payable to holders of record on October 29, 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 November 15, 2010 to holders of record on October 29, 2010.

SOURCE: Tanger press release

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