EastGroup Properties Announces Dividend Increase
EastGroup Properties Announces Dividend Increase
PR Newswire
JACKSON, Miss., Aug. 27, 2026
JACKSON, Miss., Aug. 27, 2026 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors approved a 12.9% increase in its quarterly dividend, raising it to $1.75 per share from $1.55 per share. The dividend is payable on October 15, 2026, to shareholders of record of Common Stock on September 30, 2026. This dividend is the 187th consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $7.00 per share. EastGroup has increased or maintained its dividend for 34 consecutive years. The Company has increased it 31 years over that period, including increases in each of the last 15 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 66.5 million square feet.
EastGroup Properties, Inc. press releases are available at www.eastgroup.net.
Contact: investor@eastgroup.net
SOURCE EastGroup Properties
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