Tanger Outlet Malls Offer Attractive Dividends

Tanger's high dividend yield and growth make it a top pick for income investors.

Apr. 17, 2026 at 10:14am

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A high-contrast, close-up image of the complex mechanical systems and gears that power a modern outlet mall, representing the financial security and institutional strength of Tanger's retail real estate business.Tanger's outlet malls, with their robust infrastructure and institutional scale, provide a reliable source of dividends for income-focused investors.Greensboro Today

Tanger Factory Outlet Centers, a real estate investment trust (REIT) that operates outlet malls, is currently offering an attractive 3.19% dividend yield, which is higher than the industry average and the S&P 500. The company has also increased its dividend for 4 consecutive years, with an average annual increase of 14.37%. With a payout ratio of 50% and expected earnings growth, Tanger appears to be a compelling dividend stock for income-focused investors.

Why it matters

Dividends are an important consideration for income investors, as they can provide a steady stream of cash flow and contribute significantly to long-term returns. Tanger's high dividend yield and consistent dividend growth make it a potentially attractive option in the REIT and retail sectors.

The details

Tanger, headquartered in Greensboro, North Carolina, is a REIT that owns and operates outlet malls across the United States. The company's current annual dividend of $1.17 per share represents a 3.19% yield, which is higher than the 4.02% average for the REIT and Equity Trust - Retail industry and the 1.39% yield of the S&P 500. Tanger has increased its dividend 4 times over the last 5 years, with an average annual increase of 14.37%. The company's current payout ratio of 50% suggests it has room to continue growing its dividend, and the Zacks Consensus Estimate projects a 5.58% increase in earnings for 2026.

  • Tanger has increased its dividend for 4 consecutive years.
  • Tanger's current annual dividend of $1.17 per share represents a 3.19% yield.

The players

Tanger Factory Outlet Centers

A real estate investment trust (REIT) that owns and operates outlet malls across the United States.

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The takeaway

Tanger's high dividend yield, consistent dividend growth, and expected earnings expansion make it an attractive option for income-focused investors seeking exposure to the retail REIT sector.