EXHIBIT 99.1
Published on April 9, 2009
Exhibit 99.1
Tanger Factory Outlet
Centers, Inc.
For
Release: IMMEDIATE RELEASE
Contact: Frank C. Marchisello - (336)
834-6834
TANGER
INCREASES DIVIDEND FOR 16TH
CONSECUTIVE YEAR
GREENSBORO,
NC, April 9, 2009, Tanger Factory Outlet Centers, Inc.(NYSE:SKT), announced
today that its Board of Directors approved an increase in the annual dividend on
its common shares from $1.52 per share to $1.53 per
share. Simultaneously, the Board of Directors declared a quarterly
dividend of $.3825 per share for the first quarter ended March 31,
2009. A cash dividend of $.3825 per share will be payable on May 15,
2009 to holders of record on April 30, 2009. The Company has paid
dividends each quarter since becoming a public company in May 1993.
The
Company’s Board of Directors also declared a dividend of $.46875 per share on
its 3,000,000 7.5% Class C Preferred Shares. A cash dividend of
$.46875 per Preferred Share will be payable on May 15, 2009 to holders of record
on April 30, 2009.
Tanger
Factory Outlet Centers, Inc. (NYSE:SKT), is a fully integrated,
self-administered and self-managed publicly traded REIT. The Company
owns and operates 31 outlet centers in 21 states coast to coast, totaling
approximately 9.2 million square feet of gross leasable area. Tanger
also manages for a fee and owns an interest in two outlet centers containing
approximately 950,000 square feet. For more information on Tanger
Outlet Centers, visit our web site at www.tangeroutlet.com.
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3200
Northline Avenue, Suite 360 · Greensboro,
NC 27408 ·
336-292-3010 · FAX
336-297-0931