EastGroup Properties Makes It 134 in a Row

Before you go, we thought you'd like these...
Before you go close icon

Sunbelt industrial property investor EastGroup Properties  announced yesterday its second-quarter dividend of $0.53 per share, the same rate it paid for the last three quarters after raising the payout 2%, from $0.52 per share. It had previously maintained that same payout rate since 2005.

The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on June 14. EastGroup has increased or maintained its dividend for 20 consecutive years and increased it 17 years over that time frame. This is the 134th consecutive dividend payment for the REIT.

The regular dividend payment equates to a $2.12-per-share annual dividend, yielding 3.4% based on the closing price of EastGroup Properties' stock on May 29.


EGP Dividend Chart

EGP Dividend data by YCharts

The article EastGroup Properties Makes It 134 in a Row originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
13 People Recount Their First Kiss Horror Stories 13 People Recount Their First Kiss Horror Stories
Large Numbers Of Horses Are Being Stuffed Into These Crates For A Despicable Reason Large Numbers Of Horses Are Being Stuffed Into These Crates For A Despicable Reason