Tanger Inc. (SKT) To Go Ex-Dividend on July 31st

Tanger Inc. (NYSE:SKT) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.3125 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 31st.

Tanger has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Tanger has a dividend payout ratio of 127.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Tanger to earn $2.59 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 48.3%.

Tanger Price Performance

Tanger stock opened at $42.09 on Wednesday. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 2.14 and a beta of 1.09. Tanger has a 52-week low of $29.24 and a 52-week high of $42.53. The stock’s 50 day moving average price is $39.07 and its two-hundred day moving average price is $36.45. The company has a debt-to-equity ratio of 2.67, a quick ratio of 3.36 and a current ratio of 3.36.

Tanger (NYSE:SKT) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of $150.42 million for the quarter, compared to analyst estimates of $142.94 million. Tanger had a return on equity of 17.53% and a net margin of 20.76%.The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. On average, equities analysts predict that Tanger will post 2.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SKT. Fifth Third Bancorp grew its holdings in shares of Tanger by 43.2% in the first quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 293 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Tanger by 5.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,877 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 306 shares during the last quarter. M&T Bank Corp raised its stake in shares of Tanger by 3.3% during the 2nd quarter. M&T Bank Corp now owns 10,272 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 326 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Tanger by 2.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 17,496 shares of the real estate investment trust’s stock worth $592,000 after purchasing an additional 346 shares during the period. Finally, Lido Advisors LLC raised its stake in shares of Tanger by 3.0% during the 4th quarter. Lido Advisors LLC now owns 12,440 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 365 shares during the period. Institutional investors own 85.23% of the company’s stock.

Tanger Company Profile

Tanger Factory Outlet Centers, Inc (NYSE: SKT) is a real estate investment trust specializing in the ownership, development and management of outlet shopping centers. The company’s portfolio comprises more than 40 outlet properties anchored by leading fashion and lifestyle brands. Tanger’s centers are designed to offer off-price retail experiences in open-air, community-oriented settings, providing value-focused shoppers with access to premium brands at reduced prices.

Founded in 1981 by Stanley K.