Tanger Keeps Dividend Steady
Shopping center REIT Tanger Factory Outlet Centers announced today its third-quarter dividend of $0.225 per share, the same rate it's paid for the past two quarters after raising the payout 7%, from $0.21 per share.
The board of directors said the quarterly dividend is payable on November 15 to holders of record at the close of business on October 30. The REIT has made quarterly payouts to investors since 1993 when it became a publicly traded company. It has increased the dividend annually since then.
The regular dividend payment equates to a $0.90-per-share annual dividend, yielding 2.7% based on the closing price today of Tanger Factory Outlet Centers' stock.
The article Tanger Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.