Tanger Increases Dividend by 6.1%

Rhea-AI Summary

Tanger Outlets announces 6.1% increase in dividend and quarterly cash dividend of $0.26 per share.

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• Tanger Outlets approved a 6.1% increase in dividend on its common shares from $0.98 to $1.04 per share on an annualized basis.

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• None.

GREENSBORO, N.C., Oct. 13, 2023 /PRNewswire/ -- Tanger^® Outlets (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors approved a 6.1% increase in the dividend on its common shares from $0.98 to $1.04 per share on an annualized basis. Simultaneously, the Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on November 15, 2023 to common shareholders of record on October 31, 2023. 

About Tanger^® Outlets 
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including one center under development. Tanger's operating centers, which comprise approximately 14 million square feet, are located in 20 states and in Canada and are leased to over 2,700 stores operated by more than 600 different brand name companies. Tanger has more than 42 years of experience in the outlet industry and has been a publicly traded REIT since 1993. For more information on Tanger, call 1-800-4TANGER or visit tanger.com. 

Investor Contact 
Doug McDonald 
SVP, Finance and Capital Markets 
T: (336) 856-6066 
tangerir@tanger.com 

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SOURCE TANGER OUTLETS

FAQ

What is the dividend increase percentage announced by Tanger Outlets?

Tanger Outlets announced a 6.1% increase in dividend.

What is the new dividend per share?

The new dividend per share is $1.04.

When will the cash dividend be payable?

The cash dividend will be payable on November 15, 2023.

When is the record date for the cash dividend?

The record date for the cash dividend is October 31, 2023.