SKT - 2 Unstoppable Dividend Stocks to Buy Now
2023-06-21 08:10:00 ET
While a tough economy is putting pressure on many businesses, American Tower (NYSE: AMT) and Tanger Outlets (NYSE: SKT) are well positioned to ride out the storm. American Tower operates in a predictable industry with large barriers to entry, and Tanger provides a strong value proposition to consumers looking for deals.
With both stocks sporting solid dividends, dividend investors would be wise to take a look.
When you see a cell tower in the distance, it's likely that none of the major wireless carriers own it. Many cell towers are owned and operated by third parties like American Tower, with wireless carriers leasing space for their equipment. American Tower alone owns more than 225,000 communication assets globally, the vast majority of which are towers.
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2 Unstoppable Dividend Stocks to Buy Now