REIT EastGroup Properties (EGP) will raise its quarterly dividend by 5.3 percent to $0.60 per share in 2015. The next dividend is payable on September 30, 2015 to shareholders of record of Common Stock on September 18, 2015.

EastGroup Properties, Inc. 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. Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features.