Tanger declares quarterly dividend of $0.2925 per share

GREENSBORO, N.C. - Tanger Inc. (NYSE:SKT), an owner and operator of outlet and open-air retail shopping destinations, announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.2925 per share.

The dividend will be payable on November 14, 2025, to common shareholders of record on October 31, 2025, according to a company press release.

Tanger operates a portfolio consisting of 38 outlet centers and three open-air lifestyle centers, encompassing more than 16 million square feet across 22 U.S. states and Canada. The company has been publicly traded as a Real Estate Investment Trust (REIT) since 1993.

The retail property operator’s centers house over 3,000 stores run by more than 800 different brand name companies. Tanger has been in the retail and outlet shopping industry for over 44 years.

In other recent news, Tanger Factory Outlet Centers has reported notable developments. The company announced its second-quarter 2025 earnings, which exceeded analysts’ expectations. Tanger posted an earnings per share of $0.26, surpassing the projected $0.22, and reported revenue of $140.69 million, exceeding the forecasted $131.49 million. Additionally, Tanger has expanded its portfolio by acquiring Legends Outlets in Kansas City, Kansas, for approximately $130 million. This acquisition includes a 690,000-square-foot open-air shopping center and was financed through available liquidity and the assumption of a $115 million CMBS loan. The company expects an 8% unlevered return in the first year from this acquisition, with potential for increased yields in the future. KeyBanc has maintained its Sector Weight rating on Tanger’s stock following these developments. These recent moves highlight Tanger’s strategic efforts to enhance its market presence and financial performance.

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