SKT - Tanger is Officially Back on the Dividend Growth Path
The coronavirus pandemic was rough on retail landlords like Tanger Factory Outlet Centers (NYSE: SKT) . They essentially had to shut down early on as the government asked non-essential businesses to close, pushed work from home wherever possible, and asked people to practice social distancing. Now, in mid-2022, it looks like Tanger is back on the growth path in more ways than one. Here's what you need to know.
Dividends are a tangible return on your investment in a company. Real estate investment trusts (REITs) are specifically designed to pass on material amounts of cash to investors through dividends, as they can avoid corporate-level taxes by distributing 90% of taxable earnings. Before 2020, Tanger had amassed an enviable dividend record, with decades of annual increases under its belt.
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Tanger is Officially Back on the Dividend Growth Path