The dividend was increased by 2% in December.
The board of directors also declared a regular quarterly dividend of $0.51875 per share on its Series A cumulative preferred shares. The preferred dividend will be payable on July 2, 2001 to shareholders of record on June 22, 2001.
Taubman Centers, Inc., a real estate investment trust, owns, develops, acquires and operates urban and suburban shopping centers from coast to coast.
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