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Tanger Factory Outlet Centers, Inc. (SKT) logo

Tanger Factory Outlet Centers, Inc.

S&P 500

SKT/Real Estate · REIT - Retail/NYSE

Dividend Yield

3.03%

$1.19 · Annual Dividend

Stock Price$41.10P/E36.9MCap4.5BLast update: Jun 26, 2026 at 06:56

Dividend Safety Rating

61/ 100Safe

SKT's dividend appears safe and well-supported. Strengths include a 46.5% fcf payout ratio & 19.0% return on equity. Areas of concern: 110.4% earnings payout ratio & 2.8x interest coverage. The dividend has been growing at a 10.12% 5-year CAGR. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 15 of 15 metrics

Strengths

  • Operating Margin: 30.3%Healthy operating margin provides a wide buffer.
  • Gross Margin: 68.9%High gross margin signals strong pricing power.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.

Risks

  • Earnings Payout Ratio: 110.4%High earnings payout ratio leaves little safety margin.
  • Interest Coverage: 2.8xInterest coverage is thin relative to debt servicing.
  • Net Debt / Total Assets: 62.9%Net debt is high relative to total assets.

Payout & Coverage

Caution

Balance Sheet

Warning
0.9xWarning
280.6Caution

Profitability

Safe
30.3%Very Safe
68.9%Very Safe

Dividend Track Record

Very Safe
11+ yrsVery Safe
NoneVery Safe
10.1%Very Safe
Mostly StableCaution

About Tanger Factory Outlet Centers, Inc.

Tanger Factory Outlet Centers, Inc. is a real estate investment trust (REIT) that specializes in the development, ownership, and operation of upscale outlet shopping centers. Emphasizing quality retail experiences, Tanger Outlet Centers attract value-conscious consumers by offering discounted prices on designer and name-brand goods. With numerous locations across the United States and Canada, these outlets are strategically situated in regions that maximize consumer accessibility while optimizing foot traffic for tenants. The primary function of Tanger Factory Outlet Centers, Inc. is to lease commercial space to a diversified group of profitable retailers, allowing these brands to clear inventory at a reduced cost while preserving a high standard of brand presentation. The company’s portfolio is diverse, encompassing a variety of retail sectors including fashion, electronics, home goods, and accessories. In the broader financial market, Tanger Factory Outlet Centers, Inc. serves as an investment vehicle that provides exposure to commercial real estate through a focus on specialty retail property. By catering to both tenant and shopper needs, Tanger plays a crucial role in the evolving retail landscape, where experiential and value-driven shopping is becoming increasingly significant.

Dividend Overview

Dividend Yield

3.03%

Annual Dividend

$1.19

Frequency

Quarterly

Payout Ratio

110.38%

FCF Payout Ratio

46.51%

52-Week Range

$29.24 - $41.20

Dividend History (2016–2025)

SKT annual dividend per share and yield history

Earnings & Profitability

SKT earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

April 30, 2026

Last Payment Date

May 15, 2026

Dividend Growth

3-Year Dividend CAGR

12.87%

5-Year Dividend CAGR

10.12%

10-Year Dividend CAGR

-1.22%

3-Year Total Growth

43.80%

5-Year Total Growth

61.96%

10-Year Total Growth

-11.57%

Income Calculator

SKT Dividend Calculator

Total Investment

$4,110.00

Annual Income

$119.20

Quarterly Income

$29.80

Monthly Income

$9.93

Frequently Asked Questions

What is SKT's current dividend yield?
Tanger Factory Outlet Centers, Inc. (SKT) currently has a dividend yield of 3.03%, based on a stock price of $41.10 and an annual dividend of $1.19.
When is SKT's next dividend payment date?
SKT's next ex-dividend date is 2026-04-30 and the next payment date is 2026-05-15. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does SKT pay in dividends per year?
Tanger Factory Outlet Centers, Inc. paid $1.15 per share in annual dividends in 2025. The dividends are paid quarterly.
Has SKT been increasing its dividend?
Tanger Factory Outlet Centers, Inc. has grown its dividend at a 5-year CAGR of 10.12% and a 10-year CAGR of -1.22%.
Is SKT's dividend safe?
Tanger Factory Outlet Centers, Inc. has a payout ratio of 110.38%. Its free cash flow payout ratio is 46.51%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is SKT's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Tanger Factory Outlet Centers, Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.