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Tanger Inc. (NYSE:SKT) is a real estate investment trust that owns and operates open-air shopping centers, particularly outlet and lifestyle centers.

It will report its Q2 2024 earnings on Aug. 4. Wall Street analysts expect the company to post EPS of $0.56, up from $0.53 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is expected to be $132.02 million, up from $128.96 million a year earlier.

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The 52-week range of Tanger stock price was $25.94 to $37.57.

Tanger's dividend yield is 3.90%. It paid $1.17 per share in dividends during the last 12 months.

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The Latest On Tanger

The company on April 30 announced its Q1 2025 earnings, posting FFO of $0.53, in line with expectations, while revenues of $135.36 million came in well above the consensus of $127.70 million, as reported by Benzinga.

"I am pleased to announce another quarter of strong financial and operating results, which support our recent dividend increase and forward outlook," said CEO Stephen Yalof. "We are seeing continued momentum in our remerchandising strategy to elevate and diversify our tenant mix as we replace less productive tenants and add more desirable retailers, restaurants, and entertainment across our portfolio."

For full-year 2025, the company expects diluted FFO per share to be between $2.22 and $2.30.

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How Can You Earn $100 Per Month As A Tanger Investor?

If you want to make $100 per month — $1,200 annually — from Tanger dividends, your investment value needs to be approximately $30,769, which is around 1,026 shares at $29.98 each.

Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.90% in this case). So, $1,200 / 0.039 = $30,769 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.

The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Tanger stock an attractive option for making a steady income of $100 per month by owning 1,026 shares of stock.

Check out this article by Benzinga for three stocks offering high dividend yields.

Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation.

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This article How Much Would It Take To Earn $100 A Month From Tanger Stock originally appeared on Benzinga.com

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