Tanger Declares Dividends - Tanger (NYSE:SKT)

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Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today 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.

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