JACKSON, Miss., March 3, 2017 /PRNewswire/ -- EastGroup
Properties (NYSE: EGP) announced today that its Board of
Directors declared a quarterly cash dividend of $.62 per share payable on March 31, 2017 to shareholders of record of
Common Stock on March 22, 2017.
This dividend is the 149th consecutive quarterly
distribution to EastGroup's shareholders and represents an
annualized dividend rate of $2.48 per
share. EastGroup has increased or maintained its dividend for
24 consecutive years. The Company has increased it 21 years
over that period, including increases in each of the last five
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. 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 in lease-up
and under construction, currently includes 38.3 million square
feet.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
P.O. BOX 22728 JACKSON, MS 39225-2728
TEL: 601-354-3555 FAX: 601-352-1441
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SOURCE EastGroup Properties, Inc.