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EastGroup Properties Announces 182nd Consecutive Quarterly Cash Dividend

1. EastGroup declared a quarterly dividend of $1.40 per share. 2. This marks the 182nd consecutive quarterly distribution to shareholders. 3. EastGroup has increased or maintained dividends for 32 years. 4. The company focuses on industrial properties in high-growth US markets. 5. EastGroup's portfolio includes approximately 63.1 million square feet.

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Why Bullish?

The consistent dividend payments indicate strong financial stability and shareholder commitment. Companies with a long history of dividend increases, like EastGroup, often see positive market responses, similar to peers in REIT sectors.

How important is it?

Dividends attract income-focused investors and indicate company reliability, crucial for stock valuation. The strong historical performance in dividends enhances EGP's attractiveness as a stable investment.

Why Short Term?

The upcoming dividend date may encourage immediate investment interest, enhancing share performance. Historical patterns show short-term price increases typically follow dividend announcements.

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PLDDREFRCUBEPSA
, /PRNewswire/ -- EastGroup Properties, Inc. (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 July 15, 2025, to shareholders of record of Common Stock on June 30, 2025.  This dividend is the 182nd 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. About EastGroup Properties, Inc. 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

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