The Dividend Daily

Taubman Centers (TCO) is experiencing the trickle-down effect of the weak consumer market. As one of the largest mall and shopping center owners, Taubman is certainly facing some headwinds -- the ability to raise rents and keep stores occupied may start to get much more difficult for the company as we move forward. The recent drop in real estate values, rising gas prices, and increasing unemployment have prospective shoppers holding on to their wallets a little tighter these days. With mergers and acquisitions dropping off dramatically, there is little in the from of a catalyst to help Taubman's shares rise from their current levels. We feel it will be a long time before Taubman is able to reach its 52-week high of $62 per share again. At yesterday's close of $45.20, the dividend yield is a ho-hum 3.67%. We are currently evaluating other potential REIT cuts as well in this space. Time to shop elsewhere. Taubman Centers (TCO) is not recommended at this time, and currently holds a Dividend.com rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system here.

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