Taubman Centers (TCO) Raises Quarterly Dividend 5% to $0.625; 3.6% Yield

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Go back to Taubman Centers (TCO) Raises Quarterly Dividend 5% to $0.625; 3.6% Yield

Taubman Centers Increases Quarterly Common Dividend 5 Percent to $0.625 Per Share

March 2, 2017 9:05 AM EST

Preferred Series J and K Dividend Declared

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.625 per share of common stock, an increase of 5 percent. The common dividend is payable March 31, 2017 to shareholders of record on March 15, 2017. Since the company went public in 1992 it has never reduced its regular common dividend and has increased its dividend 20 times.

The Board of Directors also declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and... More