This Overlooked Company Offers a Safe and Growing Yield of 6.5%

When the average S&P 500 company pays less than two percent, a 6.5%-yielding stock certainly deserves income investors’ attention. A Top Dividend Stock to Consider...

I’m talking about Tanger Factory Outlet Centers Inc. (NYSE:SKT), a real estate investment trust (REIT) headquartered in Greensboro, North Carolina. As the name suggests, the company is in the outlet center business. Its portfolio currently consists of 44 upscale outlet shopping centers in 22 U.S. states and in Canada. These properties total approximately 15.3 million square feet and attract over 189 million shoppers annually.

Source: Income Investors

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