EastGroup Properties (EGP) announces 13.9% dividend increase.

EastGroup Properties, Inc. (EGP) announced today that it has declared a third quarter dividend of $0.90/share, representing a 13.9% increase from the prior dividend rate of $0.79.  The dividend is payable on October 15, 2021 to shareholders of record on September 30, 2021.  The company said that the latest dividend represents its 167th consecutive quarterly distribution to shareholders.

EastGroup Properties is an $8.0 billion (total market cap) industrial REIT focusing on Sunbelt markets across the U.S.