|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||42.77 - 42.77|
|52-week range||42.77 - 42.77|
|Beta (5Y monthly)||0.10|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The Board of Directors (the "Board") of Taubman Centers, Inc. (the "Company or "Taubman"") (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends are payable to shareholders of record at the close of business on December 15, 2020, with payment to be made on December 31, 2020.
Despite retail bankruptcies, store closures and rent-collection woes continuing to affect Simon Property (SPG), strategic capital raises for growth endeavors augur well for long-term growth.
A deal cut in better times causes buyer's remorse for one real estate investment trust and its shareholders.