Tanger's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Tanger (NYSE:SKT) will go ex-dividend on Tuesday, with shareholders as of Monday's close eligible for a quarterly dividend of 26 cents per share, payable on February 15, 2024. The stock is expected to open 26 cents lower on Tuesday to reflect the dividend payout.
January 25, 2024 | 2:45 pm
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Tanger (NYSE:SKT) will pay a 26 cents per share dividend on February 15, 2024, to shareholders of record by the end of Monday. The stock will likely open lower by the dividend amount on Tuesday.
The stock price of Tanger is expected to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is reflected in the stock's price. This is a short-term impact and does not necessarily reflect the company's long-term value.
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