Dec. 6, 2012
(NYSE: EGP) announced today that its Board of Directors declared a quarterly cash dividend of
per share payable on
December 31, 2012
, to shareholders of record of Common Stock on
, 2012. This dividend is the 132
consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of
per share. EastGroup has increased or maintained its dividend for 20 consecutive years and increased it 17 years over that period.
EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout
the United States
with an emphasis in the states of
and North Carolina. Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features. EastGroup's portfolio currently includes over 31 million square feet.
EastGroup Properties, Inc. press releases are available at
SOURCE EastGroup Properties, Inc.