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EastGroup Properties Announces 181st Consecutive Quarterly Cash Dividend

1. EastGroup declared a quarterly dividend of $1.40 per share. 2. This marks the 181st consecutive quarterly dividend distribution. 3. EastGroup has increased dividends for 32 years, with 29 increases. 4. The company focuses on industrial properties in high-growth U.S. markets. 5. Its portfolio includes approximately 63.1 million square feet.

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FAQ

Why Very Bullish?

Consistent dividend increases demonstrate financial stability, attracting more investors. Historical examples, such as REITs maintaining dividends during downturns, suggest resilience.

How important is it?

The announcement impacts investor perception and confidence, potentially driving up share prices. Growing dividends are a sign of a strong financial position.

Why Long Term?

EastGroup's long-term strategy focuses on acquiring quality assets and stable cash flows. Historical dividend consistency often leads to sustained investor confidence and stock appreciation.

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VTRPLDAMTOEQIX
, /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on April 15, 2025, to shareholders of record of Common Stock on March 31, 2025.  This dividend is the 181st consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share.  EastGroup has increased or maintained its dividend for 32 consecutive years.  The Company has increased it 29 years over that period, including increases in each of the last 13 years. EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 63.1 million square feet.     EastGroup Properties, Inc. press releases are available at www.eastgroup.net. Contact: [email protected] SOURCE EastGroup Properties WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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