EastGroup Properties Announces 185th Consecutive Quarterly Cash Dividend

Rhea-AI Summary

EastGroup Properties (NYSE: EGP) declared a quarterly cash dividend of $1.55 per share, payable April 15, 2026, to shareholders of record on March 31, 2026. This dividend is the 185th consecutive quarterly distribution and represents an annualized rate of $6.20 per share. EastGroup has increased or maintained its dividend for 33 consecutive years, with 30 increases during that span and increases in each of the last 14 years. The company portfolio includes approximately 65.1 million square feet of industrial properties and focuses on development and acquisitions in high-growth U.S. markets.

Positive

• 185th consecutive quarterly dividend declared
• Annualized dividend rate of $6.20 per share
• Dividend track record: increased or maintained for 33 years
• Portfolio sized at approximately 65.1 million square feet

Negative

• None.

News Market Reaction – EGP

-2.10%

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-2.10% News Effect

On the day this news was published, EGP declined 2.10%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

JACKSON, Miss., March 6, 2026 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.55 per share payable on April 15, 2026, to shareholders of record of Common Stock on March 31, 2026. This dividend is the 185^th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $6.20 per share. EastGroup has increased or maintained its dividend for 33 consecutive years. The Company has increased it 30 years over that period, including increases in each of the last 14 years.

About EastGroup Properties, Inc.
EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 65.1 million square feet.

EastGroup Properties, Inc. press releases are available at www.eastgroup.net.

Contact: investor@eastgroup.net

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SOURCE EastGroup Properties

FAQ

What dividend did EastGroup Properties (EGP) declare on March 6, 2026?

EastGroup declared a quarterly cash dividend of $1.55 per share. According to the company, the dividend is payable April 15, 2026, to shareholders of record on March 31, 2026, and annualizes to $6.20 per share.

How long has EastGroup (EGP) maintained or increased its dividend history?

EastGroup has increased or maintained its dividend for 33 consecutive years. According to the company, it posted 30 increases over that period and has raised the dividend in each of the last 14 years.

When will EastGroup (EGP) shareholders receive the declared dividend and who is eligible?

The dividend is payable on April 15, 2026 to shareholders of record as of March 31, 2026. According to the company, only holders on the record date will be eligible for the quarterly cash distribution.

What does the announced dividend mean for EastGroup's (EGP) annualized payout?

The announced $1.55 quarterly dividend yields an annualized payout of $6.20 per share. According to the company, that is the stated annualized dividend rate based on the declared quarterly amount.

How large is EastGroup's (EGP) property portfolio mentioned with the dividend announcement?

EastGroup's portfolio currently includes approximately 65.1 million square feet of industrial properties. According to the company, this figure includes development projects and value-add acquisitions in lease-up and under construction.