Tanger Factory Outlet Centers, Inc.
S&P 500SKT/Real Estate · REIT - Retail/NYSE
Dividend Yield
3.03%
$1.19 · Annual Dividend
Dividend Safety Rating
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
CautionBalance Sheet
WarningProfitability
SafeDividend Track Record
Very SafeAbout 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
Frequently Asked Questions
What is SKT's current dividend yield?
When is SKT's next dividend payment date?
How much does SKT pay in dividends per year?
Has SKT been increasing its dividend?
Is SKT's dividend safe?
How is SKT's Dividend Safety Rating calculated?
Want to understand how we rate dividend safety? Read our full methodology
Track SKT Dividends with OnlyDividends
What will SKT actually pay you after taxes? Track every payout, get notified on payment dates, and stop guessing.
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.