Tanger Factory Outlet Centers Increases Quarterly Dividend $SKT

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  • Tanger Factory (NYSE:SKT) declares $0.355/share quarterly dividend, 1.4% increase from prior dividend of $0.35.
  • Forward yield 6.39%
  • Payable May 15; for shareholders of record April 30; ex-div April 29.



In February 2019, the Company's Board of Directors approved a 1.4% increase in the annualized dividend on its common shares from $1.40 per share to $1.42 per share and simultaneously declared a quarterly dividend of $0.355 per share for the first quarter ended March 31, 2019. This cash dividend will be payable on May 15, 2019 to holders of record on April 30, 2019.  Since becoming a public company in May 1993, the Company has paid a cash dividend each quarter and has increased its dividend each year.

For more information, visit www.tangeroutlet.com


According to the list of U.S. Dividend Champions, Tanger Factory Outlet Centers is a Dividend Champions. SKT has a 25-year dividend raising streak.

Dividend Growth Rates
DGR
DGR
DGR
DGR
1-yr
3-yr
5-yr
10-yr
3.0
8.3
9.5
6.4






Dividend Yield Chart:



Tanger Factory Outlet Centers Inc stock dividend yield is close to 10-year high.


Payout Ratio:



This is the historical payout ratio of Tanger Factory Outlet Centers Inc. If payout ratio is close to or higher than 100%, dividends might not be sustainable.


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