1. EastGroup declared a quarterly cash dividend of $1.55 per share. 2. This marks the 184th consecutive quarterly distribution for EastGroup. 3. The company has increased its dividend for the last 14 years. 4. Annualized dividend rate stands at $6.20 per share. 5. EastGroup focuses on industrial properties in high-growth U.S. markets.
FAQ
Why Very Bullish?
Consistency in dividend payments indicates financial stability and attracts investors. Historical examples include increases in stock prices following similar dividend announcements.
How important is it?
The dividend announcement signals strong performance and stability, attracting investor interest and potentially increasing share prices.
Why Short Term?
Immediate market response expected due to dividend announcement, historically boosting stock prices. Longer-term effects depend on overall market conditions and company performance.
JACKSON, Miss., Dec. 12, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.55 per share payable on January 15, 2026, to shareholders of record of Common Stock on December 31, 2025. This dividend is the 184th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $6.20 per share. EastGroup has increased or maintained its dividend for 33 consecutive years. The Company has increased it 30 years over that period, including increases in each of the last 14 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. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 64.5 million square feet.
EastGroup Properties, Inc. press releases are available at www.eastgroup.net.
Contact: investor@eastgroup.net
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SOURCE EastGroup Properties