EastGroup Sends Dividend North


Sunbelt industrial property investor EastGroup Properties announced today its third-quarter dividend of $0.54 per share, a near 2% increase from the payout made last quarter to investors of $0.53 per share.

The board of directors said the quarterly dividend is payable on September 30 to holders of record at the close of business on September 19. The regular dividend payment equates to a $2.16-per-share annual dividend, yielding 3.8% based on the closing price today of EastGroup Properties' stock.

EGP Dividend Chart
EGP Dividend Chart

EGP Dividend data by YCharts.

The article EastGroup Sends Dividend North originally appeared on Fool.com.

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