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This Stock Is Up 32%, But You Can Still Expect More Gains

TheMotleyFool

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This Stock Is Up 32%, But You Can Still Expect More Gains: https://g.foolcdn.com/editorial/images/744577/a-couple-window-shopping.jpg

Tanger Factory Outlet Centers (NYSE: SKT) has survived in fine fashion amid the retail apocalypse brought on by the rise of e-commerce and then supercharged by the pandemic.

The owner and operator of three dozen open-air upscale outlet centers in 20 states and Canada has seen its stock price rise by about 32% so far this year.

And after suspending and then slashing its dividend in half during the COVID shutdowns, the real estate investment trust (REIT) has bumped up its payout for the past two seasons and appears poised to continue increasing it, helping the share price.

Source Fool.com

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