Tanger Board Of Directors Approved Increase In The Dividend On Its Common Shares From $0.98 To $1.04 Per Share On An Annualized Basis
Portfolio Pulse from Benzinga Newsdesk
Tanger Outlets (NYSE:SKT) has announced a 6.1% increase in its annualized dividend from $0.98 to $1.04 per share. The Board of Directors also declared a quarterly cash dividend of $0.26 per share, payable on November 15, 2023.
October 13, 2023 | 12:07 pm
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Tanger Outlets has increased its annualized dividend by 6.1%, which could make the stock more attractive to income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating that a company is confident in its future earnings. This could potentially attract more investors, driving up the demand and price of the stock.
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