GREENSBORO, N.C., Jan. 10 /PRNewswire-FirstCall/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT), announced today that its Board of Directors declared a dividend of $0.3600 per common share for the fourth quarter ended December 31, 2007. On February 15, 2008, a cash dividend of $0.3600 per share will be payable to holders of record on January 31, 2008. 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 February 15, 2008 to holders of record on January 31, 2008.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT), a fully integrated, self-administered and self-managed publicly traded REIT, presently owns 29 outlet centers in 21 states coast to coast, totaling approximately 8.4 million square feet of gross leasable area. Tanger also manages for a fee and owns a 50% interest in two outlet centers containing approximately 667,000 square feet. For more information on Tanger Outlet Centers, visit our web site at http://www.tangeroutlet.com/. DATASOURCE: Tanger Factory Outlet Centers, Inc.
CONTACT: Frank C. Marchisello of Tanger Factory Outlet Centers, Inc., +1-336-834-6834 Web site: http://www.tangeroutlet.com/
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