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DETROIT-The Board of Directors of Taubman Centers, Inc. of Bloomfield Hills todayhas continued its quarterly dividend of $0.26 per share of common stock, anincrease of more than 2% from last year.

The directors declared a regular quarterly dividend of $0.255 per share ofcommon stock in July 2002, which had been also increased from the quarterbefore.

The Board of Directors also declared a regular quarterly dividend of$0.51875 per share on its Series A Cumulative Preferdividends will be payable on June 30 to shareholders of record on June 20.

The company, which owns 30 urban and suburban regional and super regionalshopping centers in 13 states, is under a takeover attempt by Simon PropertyGroup of Indianapolis. Taubman has resisted the attempt, saying itsproperties are doing extremely well.

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