Tanger Factory Outlet Centers (NYSE:SKT) approved a 6.7% increase in the annual dividend on its common shares from $0.90 per share to $0.96 per share. Simultaneously, the Board of Directors declared a quarterly dividend of $0.24 per share for the first quarter ended March 31, 2014. This cash dividend will be payable on May 15, 2014 to holders of record on April 30, 2014.
Ford Motor Company declared a second quarter dividend of $0.125 per share on the company's outstanding Class B and common stock. This is the same level of dividend paid in the first quarter of 2014, which is a 25 percent increase from the level of dividend paid in each quarter of 2013. The second quarter dividend is payable on June 2, 2014 to shareholders of record on May 2, 2014.
Pentair (NYSE:PNR) will pay a regular quarterly cash dividend of $0.25 per share on May 9, 2014 to shareholders of record at the close of business on April 25, 2014. Pentair had previously announced on April 29, 2013 the approval by its shareholders of an ordinary cash dividend of $1.00 per share to be paid out of Pentair's capital contribution reserve in four equal quarterly installments of $0.25 in each of the third and fourth quarters of 2013 and the first and second quarters of 2014.
And, Lennar Corporation (NYSE:LEN) announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on May 7, 2014 to holders of record at the close of business on April 23, 2014.
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