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NEW YORK ( TheStreet) -- The ex-dividend date for Tanger Factory Outlet Centers (NYSE: SKT) is tomorrow, January 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $29.12 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for Tanger Factory Outlet Centers has been 917,700 shares per day over the past 30 days. Tanger Factory Outlet Centers has a market cap of $2.51 billion and is part of the financial sector and real estate industry. Shares are down 0.5% year to date as of the close of trading on Tuesday. Tanger Factory Outlet Centers, Inc. operates as a real estate investment trust (REIT). The company, through its subsidiary, Tanger Properties Limited Partnership, engages in acquiring, developing, owning, operating, and managing factory outlet shopping centers. The company has a P/E ratio of 58, below the average real estate industry P/E ratio of 60.4 and above the S&P 500 P/E ratio of 17.7.