20 Great Dividend Paying Stocks
#4 Tanger Factory Outlet Centers (SKT)
Dividend Yield: 5.8%
The Tanger Factory Outlet Centers is a solidly performing dividend paying stock. The company has an overall dividend yield of 5.8%, and a forward P/E ratio of 9.9 with a focus in the real estate sector. Tanger Factory boasts a dividend growth streak of 24 years, now functions as a REIT, and was first founded in 1981. Today, the company develops, owns, and operates more than 40 upscale outlet shopping centers with more than 3,100 store locations. These stores can be found in more than 22 coastal states located in both Canada and the United States, and the company historically maintains a 95% occupancy rate for its properties. During this time in business, Tanger has established some deep relationships with many well-known brands to include Coach, Hugo Boss, and Calvin Klein.
