How Much Would It Take To Earn $100 A Month From Tanger Stock

Tanger SKT is a leading owner and operator of outlet and open-air retail shopping destinations. Tanger’s portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada.

It will report its Q4 2024 earnings on Feb. 19, after the market close. Wall Street analysts expect the company to post EPS of $0.52, unchanged from the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $129.32 million, up from $127.48 million a year earlier.

Don't Miss:

• Unlock the hidden potential of commercial real estate — This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!
• Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. 

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

Tanger's dividend yield is 3.31%. It paid $1.10 per share in dividends during the last 12 months.

The Latest On Tanger

On Nov. 6, the company announced its Q3 2024 earnings, posting FFO of $0.54, compared to the consensus estimate of $0.53, and revenues of $133 million, compared to the consensus of $124.70 million, as reported by Benzinga.

The company increased its full-year 2024 guidance, now expecting diluted Core FFO per share in the range of $2.09-$2.13, up from the previous range of $2.05-$2.12.

Check out this article by Benzinga for 6 analysts' insights on Tanger.

Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

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 $36,254, which is 1,091 shares at $33.23 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 (3.31% in this case). So, $1,200 / 0.0331 = $36,254 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.

See Also: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!

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

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 1,091 shares of stock. 

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

A 9% Return In Just 3 Months

EquityMultiple's ‘Alpine Note — Basecamp Series' is turning heads and opening wallets. This short-term note investment offers investors a 9% rate of return (APY) with just a 3 month term and $5K minimum. The Basecamp rate is at a significant spread to t-bills. This healthy rate of return won't last long. With the Fed poised to cut interest rates in the near future, now could be the time to lock in a favorable rate of return with a flexible, relatively liquid investment option. 

What's more, Alpine Note — Basecamp can be rolled into another Alpine Note for compounding returns, or into another of EquityMultiple's rigorously vetted real estate investments, which also carry a minimum investment of just $5K. Basecamp is exclusively open to new investors on the EquityMultiple platform.

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.