EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, 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 Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.
EastGroup Properties Dividend Announcement
• EastGroup Properties announced a quarterly dividend of $1.40 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-30
• EastGroup Properties annual dividend for 2024 was $3.94
• EastGroup Properties annual dividend for 2023 was $5.04
• EastGroup Properties's trailing twelve-month (TTM) dividend yield is 3.05%
• EastGroup Properties's payout ratio for the trailing twelve months (TTM) is 104.36%
• EastGroup Properties's dividend growth over the last five years (2018-2023) was 13.13% year
• EastGroup Properties's dividend growth over the last ten years (2013-2023) was 8.94% year
EastGroup Properties Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $1.40 | quarterly | 2024-10-15 |
2024-06-28 | $1.27 | quarterly | 2024-07-15 |
2024-03-27 | $1.27 | quarterly | 2024-04-15 |
2023-12-28 | $1.27 | quarterly | 2024-01-12 |
2023-09-28 | $1.27 | quarterly | 2023-10-13 |
2023-06-29 | $1.25 | quarterly | 2023-07-14 |
2023-03-30 | $1.25 | quarterly | 2023-04-14 |
2022-12-29 | $1.25 | quarterly | 2023-01-13 |
2022-09-29 | $1.25 | quarterly | 2022-10-14 |
2022-06-29 | $1.10 | quarterly | 2022-07-15 |
2022-03-30 | $1.10 | quarterly | 2022-04-14 |
2021-12-30 | $1.10 | quarterly | 2022-01-15 |
2021-09-29 | $0.90 | quarterly | 2021-10-15 |
2021-06-29 | $0.79 | quarterly | 2021-07-15 |
2021-03-30 | $0.79 | quarterly | 2021-04-15 |
2020-12-30 | $0.79 | quarterly | 2021-01-15 |
2020-09-29 | $0.79 | quarterly | 2020-10-15 |
2020-06-29 | $0.75 | quarterly | 2020-07-15 |
2020-03-30 | $0.75 | quarterly | 2020-04-15 |
2019-12-27 | $0.75 | quarterly | 2020-01-15 |
2019-09-27 | $0.75 | quarterly | 2019-10-15 |
2019-06-27 | $0.72 | quarterly | 2019-07-15 |
2019-03-28 | $0.72 | quarterly | 2019-04-15 |
2018-12-28 | $0.72 | quarterly | 2019-01-15 |
2018-09-27 | $0.72 | quarterly | 2018-10-15 |
2018-06-19 | $0.64 | quarterly | 2018-06-29 |
2018-03-20 | $0.64 | quarterly | 2018-03-30 |
2017-12-14 | $0.64 | quarterly | 2017-12-29 |
2017-09-14 | $0.64 | quarterly | 2017-09-29 |
2017-06-14 | $0.62 | quarterly | 2017-06-30 |
2017-03-20 | $0.62 | quarterly | 2017-03-31 |
2016-12-14 | $0.62 | quarterly | 2016-12-30 |
2016-09-15 | $0.62 | quarterly | 2016-09-30 |
2016-06-15 | $0.60 | quarterly | 2016-06-30 |
2016-03-21 | $0.60 | quarterly | 2016-03-31 |
2015-12-16 | $0.60 | quarterly | 2015-12-31 |
2015-09-16 | $0.60 | quarterly | 2015-09-30 |
2015-06-17 | $0.57 | quarterly | 2015-06-30 |
2015-03-18 | $0.57 | quarterly | 2015-03-31 |
2014-12-17 | $0.57 | quarterly | 2014-12-31 |
2014-09-17 | $0.57 | quarterly | 2014-09-30 |
2014-06-18 | $0.54 | quarterly | 2014-06-30 |
2014-03-19 | $0.54 | quarterly | 2014-03-31 |
2013-12-18 | $0.54 | quarterly | 2013-12-31 |
2013-09-17 | $0.54 | quarterly | 2013-09-30 |
2013-06-12 | $0.53 | quarterly | 2013-06-28 |
2013-03-18 | $0.53 | quarterly | 2013-03-28 |
EastGroup Properties Dividend per year
EastGroup Properties Dividend growth
EastGroup Properties Dividend Yield
EastGroup Properties current trailing twelve-month (TTM) dividend yield is 3.05%. Interested in purchasing EastGroup Properties stock? Use our calculator to estimate your expected dividend yield:
EastGroup Properties Financial Ratios
EastGroup Properties Dividend FAQ
Other factors to consider when evaluating EastGroup Properties as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: EastGroup Properties's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, EastGroup Properties publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, EastGroup Properties distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from EastGroup Properties are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: EastGroup Properties sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, EastGroup Properties distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: EastGroup Properties declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of EastGroup Properties's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review EastGroup Properties's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.