Retail giant Tanger (SKT) has hiked its quarterly dividend by 7%.
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Tanger is a real estate investment trust (REIT) headquartered in North Carolina. It operates open air outlet shopping malls across the U.S. and Canada. It’s a popular venue for shopping and counts major brands such as Nike (NKE) and the Gap (GAP) as tenants at its malls.
Now, the company has increased its quarterly distribution to shareholders by 7%, lifting it to $0.31 per share from $0.29 previously. The increase pushes the company’s dividend yield to 3.43%. The next dividend is payable on May 15 to shareholders of record as of April 30.
Tanger’s Shareholder Returns
Tanger has now raised its dividend for four consecutive years as it prioritizes shareholder returns. The latest dividend increase comes amid a bull run in SKT stock. Over the last 12 months, the company’s share price has gained 14%, including a 10% increase so far in 2026.
Currently, the company owns and operates more than 40 outlet malls across the U.S. and Canada, comprising 16 million square feet of shopping space and more than 800 retailers. Constant expansion of its open-air shopping malls has helped to drive Tanger’s revenue and profits higher.
Is SKT Stock a Buy?
Tanger’s stock has a consensus Hold rating among eight Wall Street analysts. That rating is based on one Buy and seven Hold recommendations issued in the last three months. The average SKT price target of $38.25 implies 5% upside from current levels.
