JACKSON,
Miss., May 25, 2023 /PRNewswire/ -- EastGroup
Properties (NYSE: EGP) (the "Company", "EastGroup") announced
today that its Board of Directors declared a quarterly cash
dividend of $1.25 per share payable
on July 14, 2023, to shareholders of
record of Common Stock on June 30,
2023. This dividend is the 174th consecutive
quarterly distribution to EastGroup's shareholders and represents
an annualized dividend rate of $5.00
per share. EastGroup has increased or maintained its dividend for
30 consecutive years. The Company has increased it 27 years over
that period, including increases in each of the last 11 years.
EastGroup Properties, Inc. (NYSE: EGP), 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 57 million square feet.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
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SOURCE EastGroup Properties