JACKSON,
Miss., May 23, 2024 /PRNewswire/ -- EastGroup
Properties (NYSE: EGP) (the "Company", "EastGroup") announced
today that its Board of Directors declared a quarterly cash
dividend of $1.27 per share payable
on July 15, 2024, to shareholders of
record of Common Stock on June 28,
2024. This dividend is the 178th consecutive
quarterly distribution to EastGroup's shareholders and represents
an annualized dividend rate of $5.08
per share. EastGroup has increased or maintained its dividend for
31 consecutive years. The Company has increased it 28 years over
that period, including increases in each of the last 12 years.
EastGroup, a member of the S&P Mid-Cap 400 and Russell 1000
Indexes, is a self-administered equity real estate investment trust
focused on the development, acquisition and operation of industrial
properties in major Sunbelt markets throughout the United States with an emphasis in the
states of Florida, Texas, Arizona, California 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 60 million square feet.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
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SOURCE EastGroup Properties
