Tanger Factory Outlet Centers As of January 30, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
SKT $0.88 0.0% 20.5% N/A
Business yield Hike yrs 5 yr CAGR freq. paid since
Shopping Centers REIT 4.7% 1 -8.5% Quarter 2021
Tanger Factory Outlet Centers hikes dividend by 10%

On October 11, 2022, Tanger Factory Outlet Centers (SKT) announced its second dividend hike this year with a new quarterly dividend of 22 cents per share (+10%). This brings the total dividend growth for 2022 to 20.5% for the REIT if we include the 9.6% dividend hike already announced this April.

The next SKT dividend is payable on November 15, 2022 to common shareholders of record on October 31, 2022. A new annual dividend rate of $0.88 per share will yield 5.5% at a stock price of $16.34 for Tanger Factory Outlet Centers. 

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
Feb 01 FAST 2.8% 12.9%
Feb 02 BRO 0.8% 0.0%
Feb 02 NSC 2.3% 8.9%
Feb 02 WFC 2.6% 0.0%
Feb 02 LW 1.1% 0.0%
Feb 02 COST 0.7% 0.0%
Feb 03 BKR 2.5% 0.0%
Feb 03 C 3.9% 0.0%
Feb 03 COF 2.1% 0.0%
Feb 06 AWK 1.7% 0.0%