Eastgroup Properties raises dividend by ~11%

Eastgroup Properties announced a quarterly dividend of $1.55 per share, reflecting a 10.7% increase from the previous $1.40 dividend.

The projected forward yield for this dividend is 3.67%, highlighting the company's commitment to returning value to shareholders.

The dividend will be payable on October 15 to shareholders recorded by September 30, with the ex-dividend date also set for September 30.

Dividend Recommendation Rating: Strong Buy

Eastgroup Properties (NYSE: EGP) has announced a quarterly dividend of $1.55 per share, representing a significant increase of 10.7% from the previous dividend of $1.40.

The projected forward yield stands at 3.67%. This dividend will be payable on October 15, with shareholders of record as of September 30, and an ex-dividend date set for September 30.

For further insights, please refer to the EGP Dividend Scorecard, Yield Chart, and Dividend Growth statistics.