When Will Tanger Factory Outlets Boost Its Dividend?
It's been just a few weeks since Tanger Factory Outlet Centers (NYSE: SKT) reinstated its dividend. Don't be surprised if it hikes its payouts soon.
This isn't just a matter of wishful thinking for a little more quarterly pocket change out of the operator of 38 open-air outlet shopping centers. Tanger announced better-than-expected results on Wednesday afternoon, and as a real estate investment trust (REIT) it has to distribute at least 90% of its taxable income to investors. It's legally obligated to share the wealth with its stakeholders, so what's good for Tanger is just as good for its yield.
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Source Fool.com
