Jun 22, 2018

Stock Purchase - Tanger Factory Outlet Centers (40 shares, $56 dividend income)

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a REIT that owns and operates outlet centers in the United States and Canada with more over 2,600 stores representing approximately 400 store brands.
I'm adding more after last month's buy bcos it's discounted even more with that div approaching 6%.

The future for future of brick and mortar retail is gloomy for many but not all. People still love factory outlets and the more expensive brands seems to do well here. 

This purchase will add $56 div income annually to my dividend stock portfolio ๐Ÿ’ช

Basic info:
Market CAP: 2.17B   EPS:$0.75 Dividend: $1.40 (6.0%)