EastGroup Properties Announces Dividend Increase
JACKSON, Miss., Aug. 25, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved an increase in its quarterly dividend, raising it to $1.27 per share from $1.25 per share.
- JACKSON, Miss., Aug. 25, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved an increase in its quarterly dividend, raising it to $1.27 per share from $1.25 per share.
- Projected total dividends per share for 2023 are expected to represent an increase of 7.2% over total dividends declared in 2022.
- The $1.27 per share dividend is payable on October 13, 2023, to shareholders of record of Common Stock on September 29, 2023.
- This dividend is the 175th consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.08 per share.