SKT (Tanger) Dividend Payout Ratio: 1.22 (As of Mar. 2026) — 11% Below Median

Tanger SKT +0.79% 78 Dividend Payout Ratio is 1.22 as of Mar. 2026, which is 11% below its 10-year median of 1.37. GuruFocus rates SKT with a GF Score™ of 78/100 and a GF Value™ of $34.10 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 714 REITs companies, Tanger ranks worse than 60.22% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Tanger's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.22.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tanger Inc is 1.10, which seems too high.

The historical rank and industry rank for Tanger's Dividend Payout Ratio or its related term are showing as below:

SKT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.64 Med: 1.37 Max: 2.37
Current: 1.1

During the past 13 years, the highest Dividend Payout Ratio of Tanger was 2.37. The lowest was 0.64. And the median was 1.37.

SKT's Dividend Payout Ratio is ranked worse than
60.22% of 714 companies
in the REITs industry
Industry Median: 0.99 vs SKT: 1.10

As of today (2026-07-02), the Dividend Yield % of Tanger is 3.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tanger was 33.33%. The lowest was 1.86%. And the median was 4.18%.

Tanger's Dividends per Share for the months ended in Mar. 2026 was $0.29.

During the past 12 months, Tanger's average Dividends Per Share Growth Rate was 6.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -2.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tanger was 56.60% per year. The lowest was -19.90% per year. And the median was 4.45% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Tanger (NYSE:SKT) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Tanger Dividend Payout Ratio Related Terms

Tanger Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tanger's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tanger Dividend Payout Ratio Chart

Tanger Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.51

1.07

1.05

1.23

1.13

Tanger Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.38	1.13	1.05	1.01	1.22

SKT vs PECO, KRG, CURB: Dividend Payout Ratio Comparison

For the REIT - Retail subindustry, Tanger's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tanger Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Tanger's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tanger's Dividend Payout Ratio falls into.

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78GF Score

Tanger Inc SKT

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Tanger Dividend Payout Ratio Calculation

Tanger's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.153	/	1.019
	=	1.13

Tanger's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.293	/	0.24
	=	1.22

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.22 mean?

Tanger (SKT) has a Dividend Payout Ratio of 1.22 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tanger and its competitors. This is 11% below median its historical median of 1.37. Over the past decade, Tanger's Dividend Payout Ratio has ranged from 0.64 to 2.37. According to the industry distribution chart, Tanger ranks #430 out of 714 companies in the REITs industry, placing it in the top 60.2%.

Is Tanger's Dividend Payout Ratio too high?

Tanger's current Dividend Payout Ratio of 1.22 is 11% below median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 2.37. The REITs industry median Dividend Payout Ratio is 0.99. Tanger's value of 1.22 is 23.2% above this industry median. Based on the distribution chart, Tanger ranks #430 out of 714 companies in the REITs industry, which is below the industry midpoint. Overall, Tanger has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tanger's Dividend Payout Ratio compare to PECO and KRG?

According to the REITs industry distribution chart, Tanger ranks #430 out of 714 companies for Dividend Payout Ratio. This places Tanger in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Tanger's value of 1.22 is 23.2% above this benchmark. Historically, Tanger's own Dividend Payout Ratio has ranged from 0.64 to 2.37 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 0.99, Tanger has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 714 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tanger's current Dividend Payout Ratio of 1.22 is 23.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tanger and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanger's current Dividend Payout Ratio is 1.22, which is 11% below median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tanger stock overvalued right now?

Based on GuruFocus' analysis, Tanger (SKT) is currently considered Modestly Overvalued. The stock's GF Value™ is $34.10, compared to a current price of $39.53 — trading 15.9% above its estimated fair value. The current Dividend Payout Ratio is 1.22, which is 11% below median its 10-year median of 1.37 and 23.2% above the REITs industry median of 0.99. Tanger's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Tanger (SKT), the current Dividend Payout Ratio is 1.22 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tanger (SKT) Overvalued in 2026?

Based on GuruFocus' analysis, Tanger stock appears to be overvalued. The current stock price of $39.53 is trading 15.9% above its estimated GF Value™ of $34.10. GuruFocus considers Tanger to be Modestly Overvalued.

Key valuation signals for SKT:

Dividend Payout Ratio: 1.22 (11% below median its 10-year median of 1.37)
GF Value™: $34.10 vs. price of $39.53 (15.9% above fair value)
GF Score™: 78/100 with 8 warning signs
Industry Position: 23.2% above the REITs median (#430 of 714)

No single metric tells the full story. See the SKT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tanger Business Description

Industry Real Estate REITs

Comparable Companies PECO KRG CURB UE AKR IVT FCPT EPRT NTST GTY SPG O KIM XPAR:URW REG SGX:C38U ASX:SCG XPAR:LI HKSE:00823 FRT

Other Exchanges 0LD4:UK T6O:Germany

Address 3200 Northline Avenue, Suite 360, Greensboro, NC, USA, 27408

Website https://www.tanger.com

Tanger Inc is an owner and operator of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers.

78GF Score

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$39.53

Price

$34.10

GF Value

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