The stock has a Forward P/E ratio of 7.29. Dividend.com: The #1 Source For Dividend Investing. Because of the possibility of human or mechanical error by Mergent's sources, Mergent or others, Mergent does not guarantee the accuracy, adequacy, completeness, timeliness or availability or for the results obtained from the use of such information. Market data powered by FactSet and Web Financial Group. Tanger wants to see its outlets get heavily involved in that process. Let's conquer your financial goals together...faster. Cumulative Growth of a $10,000 Investment in Stock Advisor, Tanger Cut Its Dividend, But May Have Saved Its Business @themotleyfool #stocks $SKT $ASNA, recently shut down its struggling Dressbarn brand, Tanger's first-quarter 2020 conference call, These Stocks are Big Coronavirus Vaccine Winners, Here's Why Simon Property Group, Tanger Outlets, and Other Retail REITs Are Soaring on Monday, Here's Why Tanger Factory Outlet Centers Stock Is Soaring on Friday, 3 Stocks Everyone Else Hates (But I Love), Copyright, Trademark and Patent Information. If the last five payouts show limited variability, we estimate future payouts equal to the most recent one. View Payout Estimates For The Next 12 Months. SKT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. Note that, once reopened, retailers are likely to be left holding excess inventory from a missed selling season, and outlets are a prime destination to unload it. Enhance retirement outcomes with helpful tactics. Deepen your understanding of Responsible Investing. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors. Tanger Factory Outlet Centers , a retail-focused real estate investment trust (REIT), took swift action. We like that. If the last five payouts show variability and are not all growing, we estimate future payouts by applying the lowest growth rate (negative growth rates included) to the most recent payment. Reproduction of such information in any form is prohibited. Learn from industry thought leaders and expert market participants. Find out how much your money can grow by using our Compounding Returns Calculator. It's too soon to tell, of course, but Tanger has made a hard call to focus on the long term. The impact on the retail sector has been swift and brutal, with the fashion retailers that are key tenants for Tanger taking among the worst hits. Make short-term dividend income. * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. ... Tanger Factory Outlet Stock (NYSE) SKT Dividend policy Suspended Price as of: NOV 24, 01:40 PM EDT $10.03 +0.53 +5.58% SKT: NYSE (Stock) Tanger Factory Outlet Dividend policy Suspended • 2019 Tax Reporting Information • 2018 Tax Reporting Information • 2017 Tax Reporting Information The decision has had major consequences for investors, but in the long run it will likely be the right move for the company and shareholders. Find the latest dividend history for Tanger Factory Outlet Centers, Inc. Common Stock (SKT) at Nasdaq.com. Tanger management said it has withdrawn its guidance for 2020 and will still pay its May dividend, which was declared in January. There was no need to negotiate or prove a need -- Tanger believed that lending a hand was the right thing to do. Tanger acted quickly to help its tenants, offering up to two months of rent deferral. Returns as of 11/28/2020. Retailers were under pressure before the coronavirus started to spread around the world and eventually led to the economic shutdown of the United States. Municipal bonds news, reports, video and more. To see all exchange delays and terms of use, please see disclaimer. Compare SKT to Popular Real Estate Sector Dividend Funds, Compare SKT to Popular Real Estate Sector Dividend ETFs. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Dividend Summary. Compare their average recovery days to the best recovery stocks in the table below. Hand picked by analysts based on Dividend.com rating system. There's a grain of truth in this, for sure -- but a big part of the problem is that many retailers have simply under-invested in their businesses (notably on the internet), fallen out of step with consumer trends, and, perhaps most notably, allowed themselves to get over-leveraged. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. Although it tapped a line of credit to ensure it has ample cash, the REIT believes it can survive without collecting rent for up to two years. Consecutive Years of Dividend Increase is the number of years in a row in which there has been at least one payout increase and no payout decreases. That should serve investors much better than continuing to pay a dividend that would simply deplete the REIT's valuable cash balance when it's not collecting rent. Technically the REIT used the term suspend, as it clearly hopes to bring the dividend back in the future. All dividends reported below are rounded to Four decimal places. Upgrade to Premium to access your Watchlist and more. The only requirement is that, when things are back to normal, the deferred rent gets paid back early in 2021. Tanger Factory Outlet Centers, Inc. (SKT) Dividend Growth History: By month or year. And then COVID-19 hit, and the United States government effectively paused the economy by forcing non-essential businesses to close down and asking its citizens to stay home and socially distance. Here's what happened and why. A stock’s Earnings Growth rating evaluates a company’s expected. A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks.