Better Dividend Stock: Target vs. Tanger Factory Outlets

Income investors love dividend aristocrats, those elite companies that have hiked their dividends annually for over 25 years. But with the market near all-time highs, many dividend aristocrats are trading at high valuations with historically low yields.

However, two stocks with high yields and low valuations stand out: Target (NYSE: TGT), which has raised its dividends annually for 49 straight years, and Tanger Factory Outlets (NYSE: SKT), which could become a dividend aristocrat next year with its 25th straight dividend hike.

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Source: Fool.com