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
-
If you're looking for income, turning to your investment portfolio is a natural choice. Lately, that's been a tough assignment, beca...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
All seven equities on this list have dividend yields above 13%, but the highest one yields nearly 27%! In addition, each equity has a positi...
-
Dividend-payng semiconductor stocks to buy during a computer chip shortage for electric vehicles (EV), smartphones and other technology prod...
-
Dividend safety is especially important when stock prices are falling. Many companies cut their dividend payouts in 2020 during the coronavi...
-
Investors in retirement may desire additional income. Those who don’t have a pension are likely relying on Social Security, and their retire...
-
The four dividend-paying retail technology stocks to buy towered over the rest at a BoA Global Research Consumer & Retail Technology C...
-
Investing in dividend-paying stocks is a good way to generate fairly reliable income. However, that strategy doesn't necessarily mean yo...
-
Sometimes, stocks are a bargain because the company's prospects are being overlooked, and sometimes, it's just the result of a broad...
-
High yields are often found in sectors that are out of favor, which is why you can get some pretty impressive dividends from the energy sect...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.