GREENSBORO, N.C., July 10 /PRNewswire-FirstCall/ -- Tanger Factory Outlet
Centers, Inc. (NYSE: SKT), announced today that its Board of Directors
declared a dividend of $0.3800 per common share for the second quarter ended
June 30, 2008. On August 15, 2008, a cash dividend of $0.3800 per share will
be payable to holders of record on July 30, 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 August 15, 2008 to holders of
record on July 30, 2008.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a fully integrated,
self-administered and self-managed publicly traded REIT. The company
currently owns and operates 29 centers in 21 states coast to coast, totaling
approximately 8.5 million square feet of gross leasable area. Tanger also
operates two centers containing approximately 667,000 square feet in which it
owns a 50% interest. For more information on Tanger Outlet Centers, visit our
web site at www.tangeroutlet.com .
SOURCE Tanger Factory Outlet Centers, Inc.
Frank C. Marchisello of Tanger Factory Outlet Centers, Inc., +1-336-834-6834
