Tanger Declares Dividend Payable August 15, 2024

Tanger (NYSE: SKT), a prominent owner and operator of outlet and open-air retail shopping destinations, has announced a quarterly cash dividend of $0.275 per share.

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Rhea-AI Sentiment

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

Tanger (NYSE: SKT), a prominent owner and operator of outlet and open-air retail shopping destinations, has announced a quarterly cash dividend of $0.275 per share. The dividend is payable on August 15, 2024 to common shareholders of record on July 31, 2024. This announcement demonstrates Tanger's commitment to providing regular returns to its shareholders, reflecting the company's financial stability and confidence in its business model. The consistent dividend payout may attract income-focused investors and potentially support the stock's value.

Positive

Consistent quarterly dividend payout of $0.275 per share
Demonstrates financial stability and confidence in business model
Provides regular income for shareholders

Negative

None.

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News Market Reaction – SKT

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07/16/2024 - 08:52 AM

GREENSBORO, N.C., July 16, 2024 /PRNewswire/ -- Tanger^® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on August 15, 2024 to common shareholders of record on July 31, 2024.

About Tanger^®Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center, and one open-air lifestyle center includes over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. For more information on Tanger, call 1-800-4TANGER or visit the Company's website at www.tanger.com.

Investor Contact
Doug McDonald
SVP, Treasurer and Investments
T: (336) 856-6066
tangerir@tanger.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/tanger-declares-dividend-payable-august-15-2024-302198109.html

SOURCE Tanger

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the amount of Tanger's (SKT) quarterly dividend for August 2024?

Tanger (SKT) has declared a quarterly cash dividend of $0.275 per share for August 2024.

When is the payment date for Tanger's (SKT) August 2024 dividend?

The payment date for Tanger's (SKT) August 2024 dividend is August 15, 2024.

What is the record date for Tanger's (SKT) August 2024 dividend?

The record date for Tanger's (SKT) August 2024 dividend is July 31, 2024.

How often does Tanger (SKT) pay dividends?

Based on the announcement of a quarterly dividend, Tanger (SKT) appears to pay dividends on a quarterly basis.

Tanger Declares Dividend Payable August 15, 2024