Taubman Centers Ups Quarterly Dividend 2%

BLOOMFIELD HILLS, MI-The mall REIT and developer continues to increase its dividend, upping it to $.255 per share for the second quarter. The Series A Cumulative Preferred dividend is $51875 per share.

By Robert Carr | June 03, 2002 at 01:01 AM

The company increased the dividend at the end of last year.

The board 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 1 to shareholders of record on June 20.

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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