Taubman REIT Declares Stock Dividends

BLOOMFIELD HILLS, MI-The mega-mall developer's common dividend rises by half a cent, to $0.25 per share. The regular preferred quarterly dividend of $0.51875 per share remains the same.

By Robert Carr | September 12, 2001 at 01:01 AM

The amount is an increase from last third quarter's dividend of $0.245 per share of common stock.

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 October 1, 2001 to shareholders of record on September 21, 2001.

The company, a real estate investment trust, owns, develops, acquires and operates urban and suburban shopping centers from coast to coast.

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