Will Tanger Factory Outlet Centers Start Paying Dividends Again?
Business continues to improve at the local outlet mall. Tanger Factory Outlet Centers (NYSE: SKT) offered an encouraging financial update after Monday's market close. The operator of 38 upscale outlet shopping centers came through with another month of positive cash flow in August, and it was enough to pay off its unsecured lines of credit.
Its properties are starting to retain tenants and, more importantly, attract customers. With funds from operations now positive -- and likely to continue rising -- it's just a matter of time before the REIT resumes its once hefty quarterly distributions.
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Source Fool.com