Tanger Declares Dividend For Third Quarter 2016

GREENSBORO, N.C., Oct. 6, 2016 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. SKT, announced today that its Board of Directors declared a quarterly dividend of $0.325 per share for the third quarter ending September 30, 2016. A cash dividend of $0.325 per share will be payable on November 15, 2016 to holders of record on October 31, 2016.

Since becoming a public company in May 1993, the company has paid a cash dividend each quarter and has increased its dividend each year.

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc. SKT, is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 43 upscale outlet shopping centers and two additional centers currently under construction. Tanger's operating properties are located in 21 states coast to coast and in Canada, totaling approximately 14.7 million square feet, leased to over 3,100 stores which are operated by more than 490 different brand name companies. The Company has more than 35 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 185 million shoppers annually. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the company's website at www.tangeroutlets.com.

CONTACT:
Cyndi Holt
Vice President of Investor Relations
(336) 834-6892

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SOURCE Tanger Factory Outlet Centers, Inc.