Here's 1 Stock That High-Yield Dividend Investors Might Have Accidentally Overlooked

If a stock trades at $100 per share and pays a $1-per-share annual dividend, its dividend yield is 1%. Many investors are looking for dividend stocks with a yield better than 1% and use stock screens to find opportunities yielding a desired percentage. But if you're using a stock screener to find extremely high-yield dividend stocks, you may have accidentally overlooked Tanger Factory Outlet (NYSE: SKT).

Tanger Factory Outlet's current dividend yield is around 3.6%, which is quite good. But in this video from Motley Fool Backstage Pass, recorded on Nov. 1, Fool contributors Jason Hall and Jon Quast explain how the company's dividend could go up significantly in the future. And if this happens, those who buy today will have an even better dividend yield on their cost basis -- a forward-looking insight that a simple stock screener can't provide.

Source Fool.com