Tanger Inc. (NYSE:SKT) Announces Quarterly Dividend of $0.31

Tanger Inc. (NYSE:SKT) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, July 31st will be given a dividend of 0.3125 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, July 31st.

Tanger has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Tanger has a dividend payout ratio of 127.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Tanger to earn $2.59 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 48.3%.

Tanger Stock Performance

SKT stock opened at $40.22 on Thursday. The firm has a market cap of $4.62 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 2.67. The stock has a 50-day moving average price of $38.00 and a 200-day moving average price of $35.94. Tanger has a 1-year low of $29.24 and a 1-year high of $41.50.

Tanger (NYSE:SKT) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The business had revenue of $150.42 million for the quarter, compared to the consensus estimate of $142.94 million. Tanger had a net margin of 20.76% and a return on equity of 17.53%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. As a group, equities research analysts expect that Tanger will post 2.48 earnings per share for the current year.

About Tanger

Tanger Factory Outlet Centers, Inc (NYSE: SKT) is a real estate investment trust specializing in the ownership, development and management of outlet shopping centers. The company’s portfolio comprises more than 40 outlet properties anchored by leading fashion and lifestyle brands. Tanger’s centers are designed to offer off-price retail experiences in open-air, community-oriented settings, providing value-focused shoppers with access to premium brands at reduced prices.

Founded in 1981 by Stanley K.