Tanger Reinstates Cash Dividend
Share this article
GREENSBORO, N.C., Jan. 14, 2021 /PRNewswire/
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors declared a cash dividend of $0.1775 per share, payable on February 12, 2021 to common shareholders of record on January 29, 2021. This dividend declaration reflects Tanger s strong liquidity position, with more than $80 million of cash on hand and $600 million of undrawn lines of credit, and the Board s confidence in our business, as demonstrated by the positive traffic and rent collections trends we recently reported, said Stephen Yalof, President and Chief Executive Officer.