BLOOMFIELD HILLS, Mich., May 9 /PRNewswire-FirstCall/ -- The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.375 per share of common stock. The common dividend is payable July 20, 2007 to shareholders of record on June 29, 2007.

(Logo: www.newscom.com/cgi-bin/prnh/20051005/TAUBMANLOGO )

The Board of Directors also declared a quarterly dividend of $0.50 on its Series G Cumulative Preferred Shares (NYSE: TCO Pr G), and a quarterly dividend of $0.4765625 on its Series H Cumulative Preferred Shares (NYSE: TCO Pr H). The preferred dividends will be payable on June 29, 2007 to shareholders of record on June 19, 2007.

Taubman Centers, Inc., a real estate investment trust, owns, develops, acquires and operates urban and suburban shopping centers from coast to coast. The company is headquartered in Bloomfield Hills, Mich.

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 as amended. These statements reflect management's current views with respect to future events and financial performance. Actual results may differ materially from those expected because of various risks and uncertainties, including, but not limited to changes in general economic and real estate conditions, changes in the interest rate environment and availability of financing, and adverse changes in the retail industry. Other risks and uncertainties are discussed in the company's filings with the Securities and Exchange Commission including its most recent Annual Report on Form 10-K.

SOURCE Taubman Centers, Inc.