Tanger Factory Outlet Centers As of October 18, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
SKT $0.73 2.8% -100.0% 1.4%
Business yield Hike yrs 5 yr CAGR freq. paid since
Shopping Centers REIT 4.3% 1 N/A Quarter 2021
Tanger Factory Outlet hikes dividend by 2.8%

Tanger Factory Outlet Centers (SKT) will hike its quarterly dividend by 2.8 percent to 18.25 cents per share. Earlier this year SKT reinstated its quarterly dividend at a lower level of 17.75 cents. Last year the company suspended its quarterly dividend because of the COVID-19 pandemic. 

The next SKT dividend will be payable on November 15, 2021 to common shareholders of record on October 29, 2021. A new annual dividend rate of approximately 73 cents per share will yield 4.2% at a stock price of $17.50 for Tanger Factory Outlet Centers. 

Tanger Factory Outlet Centers will now pay an estimated annual dividend rate of $76 million to shareholders. In 2020, before the COVID-19 pandemic, the REIT raised its quarterly dividend by 0.7 percent to $.3575 per share in the first quarter of 2020, marking the 27th consecutive year of dividend increases at the time.

Tanger Factory Outlet Centers, Inc. is a REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of upscale outlet shopping centers. Tanger's operating properties are located in more than 20 states coast to coast and in Canada. Since becoming a public company in May 1993, the company had paid a cash dividend each quarter and has increased its dividend each year. In 2020 the dividend was suspended because of the COVID-19 pandemic, ending a record of 27 consecutive years of dividend increases.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Oct 28 AOS 1.7% 7.7%
Oct 28 ZTS 0.5% 0.0%
Oct 28 COST 0.7% 12.9%
Oct 28 CARR 0.9% 0.0%
Oct 28 UNM 4.4% 5.3%
Oct 28 INFO 0.6% 17.6%
Oct 28 MS 2.8% 100.0%
Oct 28 NI 3.6% 4.8%
Oct 29 TXN 2.4% 12.7%
Oct 29 NRG 3.2% 8.3%