Friday, April 13, 2018

Dividend Increase – Tanger Factory Outlet Centers, Inc. (SKT)

Yesterday, April 12 the Board of Directors of Tanger Factory Outlet Centers, Inc. announced a quarterly dividend increase of from $ 0.3425 to $ 0.35 per share that’s payable May 15, 2018 to holders of record April 30, 2018. This represents a 2.19% increase to regular quarterly dividends. With current price $ 22.64 (yesterday's close), this raise brings their dividend yield to 6.18%.

Since becoming a public company in May 1993, the Company has paid a cash dividend each quarter and has increased its dividend each year.

During the first quarter of 2018, Tanger repurchased approximately 444,000 of its common shares at a weighted average price of $22.52 per share for total consideration of approximately $10 million.  The Company's $125 million share repurchase authorization is valid through May 2019 and currently has $65.7 million remaining for future share repurchases.  

Since I own 150 shares of SKT, this will increase my portfolio's projected annual net dividend income by $ 3.35.

That increase rises my YOC to 5.65%. 

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long SKT

Thanks for stopping by!


  1. Looks like a good stock for my watch list. Tom

  2. Drove past a Tanger outlet mall today. I did not realize their dividend increase streak was that long. Thanks for sharing.