Tanger Factory Outlet Centers Stock To Go Ex-dividend Tomorrow (SKT)

NEW YORK ( TheStreet) -- The ex-dividend date for Tanger Factory Outlet Centers (NYSE: SKT) is tomorrow, January 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $29.12 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Tanger Factory Outlet Centers has been 917,700 shares per day over the past 30 days. Tanger Factory Outlet Centers has a market cap of $2.51 billion and is part of the financial sector and real estate industry. Shares are down 0.5% year to date as of the close of trading on Tuesday.

Tanger Factory Outlet Centers, Inc. operates as a real estate investment trust (REIT). The company, through its subsidiary, Tanger Properties Limited Partnership, engages in acquiring, developing, owning, operating, and managing factory outlet shopping centers. The company has a P/E ratio of 58, below the average real estate industry P/E ratio of 60.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tanger Factory Outlet Centers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tanger Factory Outlet Centers Ratings Report.

See our dividend calendar or top-yielding stocks list.
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