Tanger Inc. (SKT) To Go Ex-Dividend on July 31st

Tanger Inc. (NYSE:SKT) announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Friday, July 31st will be paid 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 3.0%. The ex-dividend date of this dividend is Friday, July 31st.

Tanger has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Tanger has a payout ratio of 127.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Up 3.5%

Shares of NYSE:SKT opened at $41.65 on Friday. Tanger has a fifty-two week low of $29.24 and a fifty-two week high of $41.73. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.67. The firm’s 50-day simple moving average is $38.11 and its 200-day simple moving average is $36.00. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 2.06 and a beta of 1.09.

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