BLOOMFIELD HILLS, MI-Taubman Centers Inc. today has declared a regular quarterly dividend of $0.255 per share of common stock, an increase of 2%. The common dividend is payable Jan. 22 to shareholders of record on Dec. 31.

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 Dec.31 to shareholders of record on Dec.21.

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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