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EastGroup Properties Announces 180th Consecutive Quarterly Cash Dividend

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EastGroup Properties (NYSE: EGP) has declared a quarterly cash dividend of $1.40 per share, payable on January 15, 2025, to shareholders of record as of December 31, 2024. This marks the company's 180th consecutive quarterly distribution, representing an annualized dividend rate of $5.60 per share. The company has maintained or increased its dividend for 32 consecutive years, with increases in 29 of those years, including the last 13 years consecutively. EastGroup is a REIT focusing on industrial properties in major Sunbelt markets, with a portfolio of approximately 61.8 million square feet.

EastGroup Properties (NYSE: EGP) ha dichiarato un dividendo in contante trimestrale di $1,40 per azione, che sarà pagato il 15 gennaio 2025, agli azionisti registrati al 31 dicembre 2024. Questo segna la 180ª distribuzione trimestrale consecutiva dell'azienda, rappresentando un tasso di dividendo annualizzato di $5,60 per azione. L'azienda ha mantenuto o aumentato il proprio dividendo per 32 anni consecutivi, con aumenti in 29 di quegli anni, inclusi gli ultimi 13 consecutivi. EastGroup è un REIT che si concentra sulle proprietà industriali nei principali mercati del Sunbelt, con un portafoglio di circa 61,8 milioni di piedi quadrati.

EastGroup Properties (NYSE: EGP) ha declarado un dividendo en efectivo trimestral de $1.40 por acción, que se pagará el 15 de enero de 2025, a los accionistas registrados hasta el 31 de diciembre de 2024. Esto marca la 180ª distribución trimestral consecutiva de la compañía, que representa una tasa de dividendo anualizada de $5.60 por acción. La compañía ha mantenido o aumentado su dividendo durante 32 años consecutivos, con aumentos en 29 de esos años, incluyendo los últimos 13 años consecutivos. EastGroup es un REIT que se enfoca en propiedades industriales en los principales mercados del Sunbelt, con una cartera de aproximadamente 61.8 millones de pies cuadrados.

EastGroup Properties (NYSE: EGP)주당 $1.40의 분기 현금 배당금을 선언했으며, 이는 2025년 1월 15일에 지급될 예정입니다. 배당금 지급 기준일은 2024년 12월 31일입니다. 이는 회사의 180번째 연속 분기 배당을 의미하며, 연환산 배당률은 주당 $5.60입니다. 회사는 32년 연속으로 배당금을 유지하거나 증가시켰고, 그 중 29년 동안 배당금을 인상했으며, 마지막 13년은 연속적으로 인상했습니다. EastGroup은 주요 선벨트 시장의 산업용 부동산에 집중하는 REIT로 약 61.8 백만 제곱피트의 포트폴리오를 보유하고 있습니다.

EastGroup Properties (NYSE: EGP) a déclaré un dividende en espèces trimestriel de $1,40 par action, payable le 15 janvier 2025, aux actionnaires enregistrés au 31 décembre 2024. Cela marque la 180e distribution trimestrielle consécutive de l'entreprise, représentant un taux de dividende annualisé de $5,60 par action. L'entreprise a maintenu ou augmenté son dividende pendant 32 années consécutives, avec des augmentations dans 29 de ces années, y compris les 13 dernières années consécutives. EastGroup est un REIT se concentrant sur les propriétés industrielles dans les principaux marchés du Sunbelt, avec un portefeuille d'environ 61,8 millions de pieds carrés.

EastGroup Properties (NYSE: EGP) hat eine vierteljährliche Bardividende von $1,40 pro Aktie erklärt, die am 15. Januar 2025 an die Aktionäre ausgezahlt wird, die am 31. Dezember 2024 registriert sind. Dies markiert die 180. consecutive vierteljährliche Ausschüttung des Unternehmens, was einem annualisierten Dividendenatz von $5,60 pro Aktie entspricht. Das Unternehmen hat seine Dividende in den letzten 32 Jahren entweder gehalten oder erhöht, mit Erhöhungen in 29 dieser Jahre, darunter die letzten 13 Jahre in Folge. EastGroup ist ein REIT, das sich auf Industrieimmobilien in wichtigen Sunbelt-Märkten konzentriert und ein Portfolio von etwa 61,8 Millionen Quadratfuß umfasst.

Positive
  • 180th consecutive quarterly dividend payment demonstrates strong financial stability
  • 32-year track record of maintaining or increasing dividends
  • 29 years of dividend increases, including last 13 consecutive years
  • Substantial portfolio of 61.8 million square feet of industrial properties
  • Strategic presence in high-growth Sunbelt markets
Negative
  • None.

JACKSON, Miss., Dec. 2, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on January 15, 2025, to shareholders of record of Common Stock on December 31, 2024. This dividend is the 180th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share. EastGroup has increased or maintained its dividend for 32 consecutive years. The Company has increased it 29 years over that period, including increases in each of the last 13 years.

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 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 61.8 million square feet.

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

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SOURCE EastGroup Properties

FAQ

What is EastGroup Properties (EGP) latest quarterly dividend amount?

EastGroup Properties declared a quarterly dividend of $1.40 per share, payable on January 15, 2025.

How many consecutive quarters has EGP paid dividends?

EastGroup Properties has paid dividends for 180 consecutive quarters.

What is EGP's annual dividend rate for 2025?

EastGroup Properties' annualized dividend rate is $5.60 per share.

How long has EastGroup Properties (EGP) maintained or increased its dividend?

EastGroup Properties has maintained or increased its dividend for 32 consecutive years, with increases in 29 of those years.

EastGroup Properties Inc.

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7.95B
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3.54%
REIT - Industrial
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United States of America
RIDGELAND