EastGroup Properties Boosts Dividend By 13%

EastGroup Properties Inc (NYSE:EGP) said its Board of Directors approved a 13.6% increase in its quarterly dividend to $1.25 from $1.10 per share.
The dividend is payable on October 14, 2022, to shareholders of record of Common Stock on September 30, 2022.
The hike represents an annualized dividend rate of $5.00 per share.
EGP held cash and equivalents of $5.55 million as of June end.
Price Action: EGP shares are trading lower by 1.91% at $168.79 on the last check Friday.

Benzinga