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Officials from Tanger Factory Outlet Centers Inc. (NYSE:SKT) said this week that its board of directors approved a common share 2-for-1 split. Shareholders on record as of January 13, 2011 will be affected by the split, and the common share dividend will be payable on January 24th. The North Carolina-based firm's board also declared a quarterly dividend of $0.3875 per common share for Q4 (the period that ended December 31st). The dividend is payable to shareholders on record as of January 31, 2011 and will be payable on February 15th. Shares of the firm are trading 0.77% higher Thursday afternoon at $51.08. The company has reported $272.5 million in sales over the past 12 months and is expected to report $267.6 million in sales in the next fiscal year.