EastGroup Properties Announces 10.2% Increase In Quarterly Dividend From $1.27 To $1.40 Per Share, Payable October 15, 2024
Portfolio Pulse from Benzinga Newsdesk
EastGroup Properties has announced a 10.2% increase in its quarterly dividend, raising it from $1.27 to $1.40 per share, payable on October 15, 2024. This marks the 179th consecutive dividend and the 13th consecutive year of increases.
August 23, 2024 | 6:31 pm
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EastGroup Properties has increased its quarterly dividend by 10.2%, marking the 13th consecutive year of increases. This move is likely to attract income-focused investors and reflects the company's strong financial health.
The increase in dividend is a positive signal to investors, indicating strong financial performance and commitment to returning value to shareholders. This is likely to attract more income-focused investors, potentially driving up the stock price in the short term.
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