SKT - Here's Why This High-Yield Dividend Stock Might Roughly Double Its Payout Soon
After experiencing a rough year in 2020, retail in the U.S. has largely recovered in 2021 -- that's good news for companies like Tanger Factory Outlet Centers (NYSE: SKT) . This real estate investment trust ( REIT ) has a large retail footprint and some tenants had to stop paying during the height of the pandemic. But as retail has recovered, so have Tanger's financial results.
In this video clip from Motley Fool Backstage Pass , recorded on Sept. 16 , Fool contributor Jason Hall explains that once Tanger Factory Outlet fully recovers, its dividend could nearly double from where it is right now, based on its historical payout. It's the kind of useful investing information you won't find by just using a stock screener.
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Here's Why This High-Yield Dividend Stock Might Roughly Double Its Payout Soon