Today’s chart highlights a top dividend stock that’s largely overlooked by investors. The number-one reason to consider this top dividend stock is its growing payout. While the stock doesn’t really get much attention from financial media, the company’s dividend track record is nothing short of impressive. Since its initial public offering (IPO) in May 1993, the company has raised its quarterly dividend rate every single year. It offers a 5.8% annual dividend yield.
The company in question is Tanger Factory Outlet Centers Inc. (NYSE:SKT), a real estate investment trust (REIT) headquartered in Greensboro, North Carolina. As the name suggests, Tanger specializes in outlet centers. Stanley Tanger, the company’s founder, started with one outlet center in Burlington, North Carolina in 1981. Over the years, the business expanded quite a bit. Right now, Tanger’s portfolio consists of 43 upscale outlet shopping centers located in 22 states and Canada.
Source: Income Investors
Related Articles:
- The Next Great Company
- 5 Stocks With a Sustainable Dividend
- Dividend Investing + Value Investing = Superior Returns
- The Dark Side of Dividends
- 7 Higher Yielders With A Low Free Cash Flow Payout
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Cheap stocks can be hard to find in a high-flying market like the current one. The S&P 500 is flirting with all-time highs following its...
-
If you want to earn more dividend income from the stock market, then you need to start investing in healthcare. Analysts project the number ...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
I am going to double down on Exxon Mobil (XOM) this week because I believe investors will have to deal with more market volatility going for...
-
Large-cap consumer staples companies are not known for making big moves in their share prices. But on the morning of Monday, April 22, Kimbe...
-
Dividend investing is all about owning investments that pay you — and pay you well — through thick and thin markets. And whether you are bui...
-
The U.S. boosted tariffs on $200 billion worth of Chinese goods from 10% to 25%. The markets had expected this to be the week that this deal...
-
I love buying dollar bills for $0.80. Of course, you don’t find many chances like that in the stock market. Whenever such a great deal arise...
-
Utility stocks were supposed to be yesterday’s favorite investment. The theory regarding utility stocks was simple: Robust economic growth c...
0 comments
Post a Comment
Post a Comment