Tanger Declares Dividend Payable February 15, 2024
- The announcement of a quarterly dividend indicates financial stability and commitment to rewarding shareholders.
- None.
Insights
The declaration of a quarterly cash dividend by Tanger® is a noteworthy event for shareholders and potential investors, as it directly impacts shareholder returns. The dividend yield, calculated by dividing the annual dividends per share by the stock price, is a key metric that income-focused investors consider when evaluating a stock. In this case, the announcement of a $0.26 per share dividend could be indicative of Tanger's financial health and its ability to generate sufficient cash flow to return capital to shareholders.
It is also important to consider the dividend payout ratio, which is the proportion of earnings paid out as dividends to shareholders. A sustainable payout ratio typically suggests that the company can maintain or grow its dividend over time without compromising its financial stability. However, an excessively high payout ratio may signal potential cash flow issues and could be unsustainable in the long term. Investors should compare Tanger's payout ratio to industry benchmarks to gauge its dividend sustainability.
Dividend announcements often reflect a company's confidence in its future earnings and cash flow stability. In the retail sector, particularly in outlet and open-air shopping destinations, factors such as consumer spending trends, competition from e-commerce and the overall economic environment can significantly influence a company's performance. A stable or increasing dividend could suggest that Tanger® is performing well relative to these factors and is optimistic about its future prospects.
Additionally, the market may interpret the dividend announcement as a signal of management's commitment to returning value to shareholders, which can affect the company's stock price performance. Analysts and investors will likely monitor foot traffic, occupancy rates and same-store sales growth in Tanger's properties to assess whether the dividend is supported by solid fundamentals or if it poses a risk of a future cut if the retail environment deteriorates.
About Tanger®
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and
Investor Contact
Doug McDonald
SVP, Finance and Capital Markets
T: (336) 856-6066
tangerir@tanger.com
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SOURCE Tanger
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