EastGroup Properties, Inc. announced that its Board of Directors approved a 10.7% increase in its quarterly dividend, raising it to $1.55 per share from the previous $1.40 per share. This marks a significant enhancement in shareholder returns, reflecting the company's strong financial performance and outlook.
The increased dividend is payable on October 15, 2025, to shareholders of record as of September 30, 2025. This distribution represents the 183rd consecutive quarterly cash dividend to EastGroup's shareholders and an annualized dividend rate of $6.20 per share.
EastGroup has a consistent track record of dividend growth, having increased or maintained its dividend for 33 consecutive years. This latest increase marks the 30th year of dividend increases over that period, including increases in each of the last 14 years, underscoring the company's commitment to returning value to its investors.
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