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Tanger (Tanger) 3-Year Dividend Growth Rate

: 10.80% (As of Dec. 2023)
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Tanger's Dividends per Share for the three months ended in Dec. 2023 was $0.26.

The historical rank and industry rank for Tanger's 3-Year Dividend Growth Rate or its related term are showing as below:

SKT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -19.9   Med: 4.15   Max: 56.6
Current: 10.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tanger was 56.60% per year. The lowest was -19.90% per year. And the median was 4.15% per year.

SKT's 3-Year Dividend Growth Rate is ranked better than
77.12% of 507 companies
in the REITs industry
Industry Median: 2.1 vs SKT: 10.80

During the past 12 months, Tanger's average Dividends Per Share Growth Rate was 20.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -9.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -2.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Tanger's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.18. As of today, Tanger's Dividend Yield % is 3.59%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tanger Inc is 1.04, which seems too high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the REIT - Retail subindustry, Tanger's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tanger 3-Year Dividend Growth Rate Distribution

For the REITs industry and Real Estate sector, Tanger's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Tanger's 3-Year Dividend Growth Rate falls into.



Tanger 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Tanger  (NYSE:SKT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Tanger's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.26/ 0.22
=1.18

During the past 13 years, the highest Dividend Payout Ratio of Tanger was 2.37. The lowest was 0.64. And the median was 1.33.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tanger Inc is 1.04, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Tanger Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2602024-01-302024-01-312024-02-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.2602023-10-302023-10-312023-11-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.2452023-07-282023-07-312023-08-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.2452023-04-272023-04-282023-05-15Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Tanger's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.01/28.50
=3.54 %

Current Share Price is $28.50.
Tanger's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.01.

During the past 13 years, the highest Dividend Yield of Tanger was 33.33%. The lowest was 1.86%. And the median was 3.93%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tanger 3-Year Dividend Growth Rate Related Terms>


Tanger (Tanger) Business Description

Industry
Traded in Other Exchanges
Address
3200 Northline Avenue, Suite 360, Greensboro, NC, USA, 27408
Tanger Inc Formerly Tanger Factory Outlet Centers Inc is the owner and operator of outlet centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. Substantially majority of the firm's revenue is derived from rental income from real property. Geographically, the activities are carried out through the United States.
Executives
Steven B Tanger director, officer: President,
Jessica K Norman officer: EVP, General Counsel,Secretary 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Susan E Skerritt director 3200 NORTHLINE AVE, SUITE 360, GREENSBORO NC 27408
Thomas Reddin director 11115 RUSHMORE DR, CHARLOTTE NC 28277
Michael J Bilerman officer: See Remarks 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Guerrieri Thomas Joseph Jr officer: VP, CAO and Controller 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Justin C Stein officer: EVP, Leasing 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Andrew R Wingrove officer: EVP, Chief Commercial Officer 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Carrie A Warren officer: Senior V.P. of Marketing 5900 HENSON FARM RD, SUMMERFIELD NC 27358
Chad Perry officer: EVP,General Counsel,Secretary C/O TANGER FACTORY OUTLET CENTERS, INC., 3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO NC 27408
Sandeep Mathrani director
Gallardo Leslie Swanson officer: Executive VP Operations 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
James Floyd Williams officer: Vice President & Controller 3204 COTTINGHAM COURT, GREENSBORO NC 27410
Stephen Yalof officer: President & COO 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Charles Allen Worsham officer: SVP,Construction & Development 3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO NC 27408