Taubman Centers Increases Dividend 5.4% to $0.4375

The Board of Directors of Taubman Centers, Inc. TCO today declared a regular quarterly dividend of $0.4375 per share of common stock, an increase of 5.4 percent. The common dividend is payable December 31, 2010 to shareholders of record on December 17, 2010. Since the company went public in 1992 it has never reduced its common dividend and has increased its dividend 13 times.