BLOOMFIELD HILLS, Mich., Sept. 5, 2012 /PRNewswire/ -- The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.4625 per share of common stock. The common dividend is payable on September 28, 2012 to shareholders of record on September 17, 2012. (Logo: http://photos.prnewswire.com/prnh/20080428/CLM116LOGO ) The Board of Directors also declared a quarterly dividend of $0.21215278 on its Series J Cumulative Redeemable Preferred Stock (NYSE: TCO PR J). This represents a dividend from the date of issuance, August 14, 2012, through September 30, 2012. The preferred dividend will be payable on September 28, 2012 to shareholders of record on September 17, 2012. About TaubmanTaubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 28 regional, super regional and outlet shopping centers in the U.S. and Asia. Taubman is also currently developing Taubman Prestige Outlets Chesterfield in Chesterfield, Missouri; The Mall at University Town Center in Sarasota, Florida; The Mall of San Juan in San Juan, Puerto Rico; and a shopping mall in Xi'an, China. Taubman Centers is headquartered in Bloomfield Hills, Michigan and its Taubman Asia subsidiary is headquartered in Hong Kong. For more information about Taubman, visit www.taubman.com. For ease of use, references in this press release to " Taubman Centers," "company," "Taubman" or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.