JACKSON, Miss., Sept. 3,
2015 /PRNewswire/ -- EastGroup Properties (NYSE: EGP)
announced today that its Board of Directors approved a 5.3%
increase in its quarterly dividend, raising it to $.60 per share from $.57 per share. The dividend is payable on
September 30, 2015 to shareholders of
record of Common Stock on September
18, 2015. This dividend is the 143rd
consecutive quarterly distribution to EastGroup's shareholders and
represents an annualized dividend rate of $2.40 per share. EastGroup has increased or
maintained its dividend for 23 consecutive years and increased it
20 years over that period. It has also increased the dividend
in each of the last four years.
EastGroup Properties, Inc. 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. Its
strategy for growth is based on its property portfolio orientation
toward premier business distribution facilities clustered near
major transportation features. EastGroup's portfolio
currently includes over 36 million square feet.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
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SOURCE EastGroup Properties