Tanger Announces Upcoming Dividend for Shareholders in 2025
Tanger's Board Declares Dividend for Shareholders
Recently, Tanger (NYSE: SKT), a prominent name in the outlet and open-air retail shopping sector, shared noteworthy news about its commitment to returning value to shareholders. The Board of Directors has announced a quarterly cash dividend of $0.275 per share, which will be payable to common shareholders on February 14, 2025. This decision reflects the company's strong performance and ongoing efforts to support its investors.
Shareholder Benefits and Record Dates
For shareholders excited about receiving this dividend, it's important to note that the record date is set for January 31, 2025. This means that those on record as shareholders by this date will benefit from the upcoming distribution, further enhancing Tanger's appeal as a reliable investment option.
A Legacy of Innovation in Retail
Tanger has a distinguished history in the retail industry, boasting over 44 years of operational expertise. With a strong foundation as a publicly traded real estate investment trust (REIT) since 1993, the company continues to adapt and thrive in a competitive marketplace. Its extensive portfolio includes 38 outlet centers and two open-air lifestyle centers, totaling over 15 million square feet of prime retail space.
Commitment to Quality and Experience
The remarkable positioning of Tanger’s centers within vibrant markets and tourist destinations across 21 U.S. states and Canada speaks volumes about its strategic planning and development. The company is dedicated to enhancing the shopping experience for its customers, partnering with more than 700 well-known brands to offer over 3,000 retail locations.
Future Growth and Retail Strategies
As the retail landscape continues to evolve, Tanger is at the forefront, actively seeking ways to innovate and engage shoppers. Their approach to integrating both outlet and open-air retail environments sets them apart, making them a leader in attracting diverse clientele. The forthcoming dividend is one of many indicators of Tanger's unwavering commitment to growth and shareholder satisfaction.
Community Engagement and Corporate Responsibility
Beyond business metrics, Tanger firmly believes in giving back to the communities they serve. Through various initiatives aimed at enhancing the local retail environment and fostering positive relationships, Tanger demonstrates that profit and social responsibility can go hand in hand.
Frequently Asked Questions
What is the announced dividend amount for Tanger shareholders?
The Board of Directors has declared a quarterly cash dividend of $0.275 per share.
When will the dividend be payable?
The dividend is set to be payable on February 14, 2025.
What is the record date for the dividend?
The record date for the dividend payment is January 31, 2025.
How long has Tanger been in operation?
Tanger has over 44 years of experience in the retail and outlet shopping industries.
Where are Tanger's centers located?
Tanger has retail locations in 21 U.S. states and Canada, offering strategic access to vibrant markets and tourist destinations.
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