EastGroup Stock To Go Ex-dividend Tomorrow (EGP)

NEW YORK ( TheStreet) -- The ex-dividend date for EastGroup Properties (NYSE: EGP) is tomorrow, December 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $41.57 as of 10:08 a.m. ET, the dividend yield is 5%.

The average volume for EastGroup has been 236,800 shares per day over the past 30 days. EastGroup has a market cap of $1.13 billion and is part of the financial sector and real estate industry. Shares are down 1.7% year to date as of the close of trading on Monday.

EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. The company has a P/E ratio of 54, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EastGroup as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full EastGroup Ratings Report.

See our dividend calendar or top-yielding stocks list.

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