It's not all doom and gloom in the retail industry. While many retailers are struggling with too much inventory and rapidly shifting consumer behavior, Tanger Factory Outlet Centers (NYSE: SKT) is confident enough to dole out more cash to shareholders.
Tanger raised its dividend by 10% on Tuesday, bumping up the quarterly payment to $0.22 per share. That works out to a dividend yield of about 5.7%.
Tanger is a real estate investment trust that operates 37 upscale outlet centers in the U.S. and Canada. These centers are mostly open air, and 90% of them are either in a top 50 metropolitan statistical area or near a major tourist destination. Many of them are in the South and Southwest, where winter weather isn't much of an issue.
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