EastGroup Properties Increases Dividend 1.9% to $0.54

EastGroup Properties

announced today that its Board of Directors approved a 1.9% increase in its quarterly dividend, raising it to $.54 per share from $.53 per share.  The dividend is payable on September 30, 2013 to shareholders of record of Common Stock on September 19, 2013.  This dividend is the 135th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $2.16 per share.  EastGroup has increased or maintained its dividend for 21 consecutive years and increased it 18 years over that period.