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GREENSBORO, N.C. - Real estate investment trust Tanger Factory Outlet Centers Inc. said Thursday it would boost its annual dividend by nearly 6 percent.
| SKT | 27.48 |  -1.53 |
The company said it raised the dividend to $1.52 per share from $1.44 per share.
Tanger said its board also declared a quarterly dividend of 38 cents per share for the first quarter ended March 31.
The quarterly dividend will be payable May 15 to shareholders of record on April 30.
The company added its board declared a dividend of about 47 cents per share on its 3 million 7.5 percent Class C preferred shares. That dividend will also be payable May 15 to holders of record on April 30.
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