EastGroup Properties Announces Dividend Increase

Rhea-AI Summary

EastGroup Properties (NYSE: EGP) announced that its Board approved a 12.9% increase in the quarterly dividend, raising it from $1.55 to $1.75 per share. The dividend will be paid on October 15, 2026 to shareholders of record on September 30, 2026.

This is EastGroup’s 187th consecutive quarterly cash distribution and represents an annualized rate of $7.00 per share. The company has increased or maintained its dividend for 34 consecutive years, with increases in 31 of those years, including each of the last 15 years.

Positive

• Quarterly dividend increased 12.9% to $1.75 per share
• Annualized dividend rate now $7.00 per share
• 187th consecutive quarterly cash dividend declared
• 34-year record of increasing or maintaining dividends
• Dividend increases in 31 of the last 34 years
• 15 consecutive years of dividend increases

Negative

• None.

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JACKSON, Miss., Aug. 27, 2026 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors approved a 12.9% increase in its quarterly dividend, raising it to $1.75 per share from $1.55 per share. The dividend is payable on October 15, 2026, to shareholders of record of Common Stock on September 30, 2026. This dividend is the 187^th consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $7.00 per share. EastGroup has increased or maintained its dividend for 34 consecutive years. The Company has increased it 31 years over that period, including increases in each of the last 15 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 66.5 million square feet.

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

Contact: investor@eastgroup.net     

View original content to download multimedia:https://www.prnewswire.com/news-releases/eastgroup-properties-announces-dividend-increase-302862199.html

SOURCE EastGroup Properties

FAQ

What dividend increase did EastGroup Properties (EGP) announce on August 27, 2026?

EastGroup Properties announced a 12.9% increase in its quarterly dividend, raising it from $1.55 to $1.75 per share. According to EastGroup, this higher dividend reflects its ongoing commitment to regular cash distributions and long-term shareholder returns.

When will EastGroup Properties (EGP) pay the new $1.75 quarterly dividend?

EastGroup will pay the increased $1.75 per share quarterly dividend on October 15, 2026. According to EastGroup, shareholders must be of record as of September 30, 2026 to receive this cash distribution at the new annualized rate of $7.00 per share.

What is the new annualized dividend rate for EastGroup Properties (EGP) after the 2026 increase?

After the announced increase, EastGroup’s annualized dividend rate is $7.00 per share. According to EastGroup, this is based on the new quarterly dividend of $1.75 per share, multiplied across four quarters, and continues its long-standing policy of regular cash dividends.

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

EastGroup has increased or maintained its dividend for 34 consecutive years, according to the company. It reports that the dividend has been raised in 31 of those years, including each of the last 15 years, underscoring a long record of consistent shareholder payouts.

How many consecutive quarterly dividends has EastGroup Properties (EGP) paid as of October 2026?

As of this declaration, EastGroup has paid 187 consecutive quarterly cash dividends to shareholders. According to EastGroup, the newly approved $1.75 per share dividend continues this uninterrupted distribution history and aligns with its stated goal of maximizing shareholder value over time.

What are the key record and payment dates for the latest EastGroup Properties (EGP) dividend?

The record date for EastGroup’s latest dividend is September 30, 2026, and the payment date is October 15, 2026. According to EastGroup, only shareholders of record on the September 30 date will receive the $1.75 per share cash dividend.