Taubman Centers (TCO) Raises Quarterly Dividend 4.6% to $0.565; 3% Yield

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Taubman Centers Increases Quarterly Common Dividend 4.6 Percent to $0.565 Per Share

March 10, 2015 12:03 PM EDT

BLOOMFIELD HILLS, Mich., March 10, 2015 /PRNewswire/ -- The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.565 per share of common stock, an increase of 4.6 percent.  The common dividend is payable March 31, 2015 to shareholders of record on March 20, 2015. Since the company went public in 1992 it has never reduced its regular common dividend and has increased its dividend 18 times.

The Board of Directors also declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative... More