JACKSON, Miss., May 24, 2018 /PRNewswire/ -- EastGroup
Properties (NYSE-EGP) announced today that its Board of
Directors declared a quarterly cash dividend of $.64 per share payable on June 29, 2018 to shareholders of record of Common
Stock on June 20, 2018. This
dividend is the 154th consecutive quarterly distribution
to EastGroup's shareholders and represents an annualized dividend
rate of $2.56 per share.
EastGroup has increased or maintained its dividend for 25
consecutive years. The Company has increased it 22 years over
that period, including increases in each of the last six 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 clustered near major transportation
features in supply-constrained submarkets. EastGroup's portfolio,
including development projects in lease-up and under construction,
currently includes approximately 40 million square feet.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
400 W. PARKWAY PLACE, RIDGELAND, MS 39157
TEL: 601-354-3555 FAX: 601-352-1441
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SOURCE EastGroup Properties