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JACKSON, Miss. - EastGroup Properties, Inc. (NYSE:EGP) announced Friday a 10.7% increase in its quarterly dividend to $1.55 per share from $1.40 per share. According to InvestingPro data, the company has maintained an impressive average dividend yield of 3% over the past decade, with the current yield standing at 3.4%.
The dividend will be payable on October 15, 2025, to shareholders of record as of September 30, 2025, according to a company press release.
This marks the 183rd consecutive quarterly cash distribution to EastGroup’s shareholders and represents an annualized dividend rate of $6.20 per share.
The real estate investment trust has maintained or increased its dividend for 33 consecutive years, with increases in 30 of those years, including each of the past 14 years.
EastGroup Properties focuses on the development, acquisition, and operation of industrial properties across high-growth markets in the United States, with emphasis on Texas, Florida, California, Arizona, and North Carolina. The company’s portfolio currently includes approximately 63.9 million square feet of space.
EastGroup is a member of the S&P Mid-Cap 400 and Russell 2000 Indexes.
In other recent news, EastGroup Properties reported its second-quarter earnings for 2025, slightly surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.20, which was higher than the forecasted $1.19. Additionally, EastGroup Properties recorded actual revenue of $177.29 million, exceeding the anticipated $175.19 million. These results highlight the company’s solid financial performance. During the earnings call, EastGroup Properties emphasized its strong financial metrics and strategic investments. Despite the positive earnings report, the stock saw a minor decline in after-hours trading. Investors may find these developments noteworthy as they assess the company’s financial health and future prospects.
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