Tanger Factory Outlet Centers Inc. (SKT) To Go Ex-Dividend on October 30th

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Tanger Factory Outlet Centers Inc. (NYSE:SKT) announced a quarterly dividend on Thursday, October 10th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.355 per share by the real estate investment trust on Friday, November 15th. This represents a $1.42 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend is Wednesday, October 30th.

NYSE:SKT opened at $17.43 on Monday. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50-day moving average of $15.73 and a 200-day moving average of $16.56. The company has a market cap of $1.62 billion, a PE ratio of 7.03 and a beta of 0.68. Tanger Factory Outlet Centers has a one year low of $13.61 and a one year high of $24.65.

A number of equities research analysts have issued reports on SKT shares. Zacks Investment Research raised shares of Tanger Factory Outlet Centers from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, September 18th. ValuEngine raised shares of Tanger Factory Outlet Centers from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.60.

In other Tanger Factory Outlet Centers news, CEO Steven B. Tanger purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average cost of $14.48 per share, for a total transaction of $144,800.00. Following the purchase, the chief executive officer now owns 1,188,888 shares of the company’s stock, valued at approximately $17,215,098.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Reddin purchased 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of $14.62 per share, for a total transaction of $102,340.00. Following the completion of the purchase, the director now directly owns 42,424 shares in the company, valued at approximately $620,238.88. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies.

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Dividend History for Tanger Factory Outlet Centers (NYSE:SKT)

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