Shopping center REIT Tanger Factory Outlet Centers (NYSE:SKT) announced yesterday its second-quarter dividend of $0.225 per share, the same rate it paid last quarter after raising the payout 7%, from $0.21 per share.
The board of directors said the quarterly dividend is payable on Aug. 15 to the holders of record at the close of business on July 30. The REIT has made quarterly payouts to investors since 1993 when it became a publicly traded company. It has increased the dividend annually since then.
The regular dividend payment equates to a $0.90-per-share annual dividend, yielding 2.6% based on the closing price of Tangers' stock on July 11.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.