Tanger Increases Dividend From $1.04 To $1.10 Per Share
Portfolio Pulse from Benzinga Newsdesk
Tanger (NYSE:SKT), a leading retail shopping destinations owner, announced a 5.8% increase in its annual dividend from $1.04 to $1.10 per share. The quarterly dividend is set at $0.275, payable on May 15, 2024, to shareholders of record as of April 30, 2024. The company highlighted its strong balance sheet and operating platform as key factors supporting dividend growth and shareholder value.
April 10, 2024 | 12:03 pm
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Tanger announced a 5.8% increase in its annual dividend from $1.04 to $1.10 per share, with a quarterly dividend of $0.275 payable on May 15, 2024. The company's strong balance sheet and operating platform support this growth.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Tanger's announcement of a 5.8% increase in its dividend, supported by a strong balance sheet and operating platform, is likely to be seen as a positive development by investors. This could lead to a short-term positive impact on SKT's stock price as it may attract dividend investors and boost shareholder confidence.
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IMPORTANCE 90
RELEVANCE 100