JACKSON, MISSISSIPPI, March 3, 2017 — EastGroup Properties (NYSE-EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.62 per share payable on March 31, 2017 to shareholders of record of Common Stock on March 22, 2017. This dividend is the 149th consecutive quarterly distribution to EastGroup’s shareholders and represents an annualized dividend rate of $2.48 per share. EastGroup has increased or maintained its dividend for 24 consecutive years. The Company has increased it 21 years over that period, including increases in each of the last five years.
