U.S. Markets open in 7 hrs 35 mins
  • S&P Futures

    4,117.00
    -3.25 (-0.08%)
     
  • Dow Futures

    33,636.00
    +5.00 (+0.01%)
     
  • Nasdaq Futures

    13,782.25
    -26.50 (-0.19%)
     
  • Russell 2000 Futures

    2,225.90
    -4.70 (-0.21%)
     
  • Crude Oil

    59.97
    +0.27 (+0.45%)
     
  • Gold

    1,725.60
    -7.10 (-0.41%)
     
  • Silver

    24.80
    -0.07 (-0.29%)
     
  • EUR/USD

    1.1896
    -0.0021 (-0.1784%)
     
  • 10-Yr Bond

    1.6750
    0.0000 (0.00%)
     
  • Vix

    16.91
    +0.22 (+1.32%)
     
  • GBP/USD

    1.3744
    +0.0002 (+0.0124%)
     
  • USD/JPY

    109.6760
    +0.3000 (+0.2743%)
     
  • BTC-USD

    60,659.59
    +397.07 (+0.66%)
     
  • CMC Crypto 200

    1,295.19
    +0.60 (+0.05%)
     
  • FTSE 100

    6,889.12
    -26.63 (-0.39%)
     
  • Nikkei 225

    29,760.92
    +222.19 (+0.75%)
     

EastGroup Properties Announces 164th Consecutive Quarterly Cash Dividend

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

JACKSON, Miss., Dec. 3, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.79 per share payable on January 15, 2021 to shareholders of record of Common Stock on December 31, 2020. This dividend is the 164th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $3.16 per share. EastGroup has increased or maintained its dividend for 28 consecutive years. The Company has increased it 25 years over that period, including increases in each of the last nine years.

EastGroup Properties, Inc. logo. (PRNewsFoto/EAST GROUP PROPERTIES, INC.) (PRNewsFoto/) (PRNewsFoto/)
EastGroup Properties, Inc. logo. (PRNewsFoto/EAST GROUP PROPERTIES, INC.) (PRNewsFoto/) (PRNewsFoto/)

EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 Company, 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 15,000 to 70,000 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 46 million square feet.

EastGroup Properties, Inc. press releases are available at www.eastgroup.net.

Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/eastgroup-properties-announces-164th-consecutive-quarterly-cash-dividend-301186195.html

SOURCE EastGroup Properties