On December 1, 2021, EastGroup Properties (EGP) announced that it will hike its quarterly dividend to a new record high of $1.10 per share. Its the second dividend hike announced by the REIT in 2021. EGP has raised its dividend 26 consecutive years. The next dividend will be paid on January 15, 2022. The next ex-dividend date is December 30, 2021.

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. EastGroup Properties has paid a dividend to shareholders every year since at least 1991.