The new rate, up from the previous $1.55, reflects an annualized dividend of $7.00 per share. Investors on record by September 30, 2026, will receive the payment on October 15. This distribution marks the 187th consecutive quarterly cash payment for the Mississippi-based real estate investment trust, which has consistently raised its dividend for 15 straight years.
EastGroup Properties Raises Quarterly Dividend by 13 Percent
Shareholders of EastGroup Properties are set to receive a larger quarterly payout after the company's Board of Directors approved a 12.9 percent dividend hike. The increase brings the distribution to $1.75 per share, marking the latest milestone in a 34-year streak of maintaining or raising dividend payments.
EastGroup focuses on industrial properties across high-growth U.S. markets, including Arizona, California, Florida, North Carolina, and Texas. The firm currently manages a portfolio of approximately 66.5 million square feet, targeting distribution facilities near major transportation hubs. The company, a component of the S&P Mid-Cap 400 and Russell 2000 indices, continues to prioritize long-term shareholder value through its strategy of developing and acquiring flexible industrial space for location-sensitive tenants.
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