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Tanger (SKT) Could Be a Great Choice
SKTTanger Outlets(SKT) ZACKS·2025-04-14 16:50

Company Overview - Tanger (SKT) is headquartered in Greensboro and operates in the Finance sector, with a year-to-date stock price change of -9.29% [3] - The company currently pays a dividend of 0.28pershare,resultinginadividendyieldof3.550.28 per share, resulting in a dividend yield of 3.55%, which is lower than the REIT and Equity Trust - Retail industry's yield of 4.57% and the S&P 500's yield of 1.68% [3] Dividend Performance - Tanger's current annualized dividend of 1.10 has increased by 1.4% from the previous year, with an average annual increase of 7.18% over the past five years [4] - The company's payout ratio stands at 52%, indicating that it distributes 52% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, Tanger anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $2.26 per share, reflecting a year-over-year earnings growth rate of 6.10% [5] Investment Appeal - Tanger is viewed as an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [7]