Tanger Inc. announced on April 9, 2025, that its Board of Directors approved a 6.4% increase in the dividend on its common shares. The annualized dividend was raised from $1.10 to $1.17 per share.
Concurrently, the Board declared a quarterly cash dividend of $0.2925 per share. This dividend is payable on May 15, 2025, to common shareholders of record as of April 30, 2025.
This dividend increase is supported by Tanger's well-positioned balance sheet, low dividend payout ratio, and the strength of its operating platform. The increase signals management's confidence in the company's ability to generate consistent cash flow and deliver enhanced returns to its shareholders.
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