Tanger Factory Outlet Centers Inc. (SKT) announced that its Board approved a 7.1% increase in the annual dividend on its common shares from $.84 per share to $.90 per share. Simultaneously, the Board of Directors declared a quarterly dividend of $0.225 per share for the first quarter ended March 31, 2013. This cash dividend will be payable on May 15, 2013 to holders of record on April 30, 2013.
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