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
-
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 ...
-
The World Cup format brings in 32 teams from around the globe who square off until only one remains. After the first round, 16 teams are eli...
-
Legendary investor Warren Buffett is known for earning huge returns for his company Berkshire Hathaway Inc. (NYSE:BRK.B) and its shareholder...
-
The Holy Grail for income investors is finding quality companies with significant payouts that will continue to generate income over the lon...
-
In a bloated stock market, going after the hottest tickers won’t get you much in terms of yield. That’s why, for investors looking to boost ...
-
While growth stocks grab all the headlines and generate all the hype, dividend-paying stocks have handily outperformed their nonpaying peers...
-
There's been a lot for investors to like about market performance over the last decade, but there's a flip side: In a market that cl...
-
Is it possible to double your money – quickly – buying safe dividend stocks? You bet. Let me explain how… “Basic” income investors are enamo...
-
There is no other way to put it: The U.S. stock market seems to be losing its momentum. Year-to-date, the market has been trading mostly sid...
-
All four of these names have very strong cash flows that allow them to not only pay better than 3% dividends, but also to buy back stock. Tw...
0 comments
Post a Comment
Post a Comment