EGP - NYSE
EastGroup Properties, Inc.
$197.01
+0.64%EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, 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. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.
At a Glance
Live SnapshotEastGroup Properties, Inc. Dividend History
EGP Dividend Payment History
Total Payments
50
Latest Dividend
$1.5500
Annual Amount
$7.6000
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
May 21, 2026 | Jun 30, 2026 | Jul 15, 2026 | $1.5500 | $1.5500 | Quarterly | 0.00% |
Mar 6, 2026 | Mar 31, 2026 | Apr 15, 2026 | $1.5500 | $1.5500 | Quarterly | 0.00% |
Dec 12, 2025 | Dec 31, 2025 | Jan 15, 2026 | $1.5500 | $1.5500 | Quarterly | 0.00% |
Aug 22, 2025 | Sep 30, 2025 | Oct 15, 2025 | $1.5500 | $1.5500 | Quarterly | +10.71% |
May 22, 2025 | Jun 30, 2025 | Jul 15, 2025 | $1.4000 | $1.4000 | Quarterly | 0.00% |
Mar 7, 2025 | Mar 31, 2025 | Apr 15, 2025 | $1.4000 | $1.4000 | Quarterly | 0.00% |
Dec 2, 2024 | Dec 31, 2024 | Jan 15, 2025 | $1.4000 | $1.4000 | Quarterly | 0.00% |
Aug 23, 2024 | Sep 30, 2024 | Oct 15, 2024 | $1.4000 | $1.4000 | Quarterly | +10.24% |
May 23, 2024 | Jun 28, 2024 | Jul 15, 2024 | $1.2700 | $1.2700 | Quarterly | 0.00% |
Mar 8, 2024 | Mar 28, 2024 | Apr 15, 2024 | $1.2700 | $1.2700 | Quarterly | 0.00% |
Dec 8, 2023 | Dec 29, 2023 | Jan 12, 2024 | $1.2700 | $1.2700 | Quarterly | 0.00% |
Aug 25, 2023 | Sep 29, 2023 | Oct 13, 2023 | $1.2700 | $1.2700 | Quarterly | +1.60% |
May 25, 2023 | Jun 30, 2023 | Jul 14, 2023 | $1.2500 | $1.2500 | Quarterly | 0.00% |
Mar 3, 2023 | Mar 31, 2023 | Apr 14, 2023 | $1.2500 | $1.2500 | Quarterly | 0.00% |
Dec 1, 2022 | Dec 30, 2022 | Jan 13, 2023 | $1.2500 | $1.2500 | Quarterly | 0.00% |
Aug 26, 2022 | Sep 30, 2022 | Oct 14, 2022 | $1.2500 | $1.2500 | Quarterly | +13.64% |
May 26, 2022 | Jun 30, 2022 | Jul 15, 2022 | $1.1000 | $1.1000 | Quarterly | 0.00% |
Mar 4, 2022 | Mar 31, 2022 | Apr 14, 2022 | $1.1000 | $1.1000 | Quarterly | 0.00% |
Dec 1, 2021 | Dec 31, 2021 | Jan 15, 2022 | $1.1000 | $1.1000 | Quarterly | +22.22% |
Aug 26, 2021 | Sep 30, 2021 | Oct 15, 2021 | $0.9000 | $0.9000 | Quarterly | +13.92% |
May 27, 2021 | Jun 30, 2021 | Jul 15, 2021 | $0.7900 | $0.7900 | Quarterly | 0.00% |
Mar 5, 2021 | Mar 31, 2021 | Apr 15, 2021 | $0.7900 | $0.7900 | Quarterly | 0.00% |
Dec 3, 2020 | Dec 31, 2020 | Jan 15, 2021 | $0.7900 | $0.7900 | Quarterly | 0.00% |
Aug 27, 2020 | Sep 30, 2020 | Oct 15, 2020 | $0.7900 | $0.7900 | Quarterly | +5.33% |
May 21, 2020 | Jun 30, 2020 | Jul 15, 2020 | $0.7500 | $0.7500 | Quarterly | 0.00% |
Mar 5, 2020 | Mar 31, 2020 | Apr 15, 2020 | $0.7500 | $0.7500 | Quarterly | 0.00% |
Dec 6, 2019 | Dec 30, 2019 | Jan 15, 2020 | $0.7500 | $0.7500 | Quarterly | 0.00% |
Aug 29, 2019 | Sep 30, 2019 | Oct 15, 2019 | $0.7500 | $0.7500 | Quarterly | +4.17% |
May 23, 2019 | Jun 28, 2019 | Jul 15, 2019 | $0.7200 | $0.7200 | Quarterly | 0.00% |
Mar 8, 2019 | Mar 29, 2019 | Apr 15, 2019 | $0.7200 | $0.7200 | Quarterly | 0.00% |
Dec 7, 2018 | Dec 31, 2018 | Jan 15, 2019 | $0.7200 | $0.7200 | Quarterly | 0.00% |
Sep 7, 2018 | Sep 28, 2018 | Oct 15, 2018 | $0.7200 | $0.7200 | Quarterly | +12.50% |
May 24, 2018 | Jun 20, 2018 | Jun 29, 2018 | $0.6400 | $0.6400 | Quarterly | 0.00% |
Mar 2, 2018 | Mar 21, 2018 | Mar 30, 2018 | $0.6400 | $0.6400 | Quarterly | 0.00% |
Dec 1, 2017 | Dec 15, 2017 | Dec 29, 2017 | $0.6400 | $0.6400 | Quarterly | 0.00% |
Aug 31, 2017 | Sep 15, 2017 | Sep 29, 2017 | $0.6400 | $0.6400 | Quarterly | +3.23% |
May 11, 2017 | Jun 16, 2017 | Jun 30, 2017 | $0.6200 | $0.6200 | Quarterly | 0.00% |
Mar 3, 2017 | Mar 22, 2017 | Mar 31, 2017 | $0.6200 | $0.6200 | Quarterly | 0.00% |
Dec 2, 2016 | Dec 16, 2016 | Dec 30, 2016 | $0.6200 | $0.6200 | Quarterly | 0.00% |
Sep 1, 2016 | Sep 19, 2016 | Sep 30, 2016 | $0.6200 | $0.6200 | Quarterly | +3.33% |
May 26, 2016 | Jun 17, 2016 | Jun 30, 2016 | $0.6000 | $0.6000 | Quarterly | 0.00% |
Mar 3, 2016 | Mar 23, 2016 | Mar 31, 2016 | $0.6000 | $0.6000 | Quarterly | 0.00% |
Dec 4, 2015 | Dec 18, 2015 | Dec 31, 2015 | $0.6000 | $0.6000 | Quarterly | 0.00% |
Sep 4, 2015 | Sep 18, 2015 | Sep 30, 2015 | $0.6000 | $0.6000 | Quarterly | +5.26% |
May 28, 2015 | Jun 19, 2015 | Jun 30, 2015 | $0.5700 | $0.5700 | Quarterly | 0.00% |
Mar 6, 2015 | Mar 20, 2015 | Mar 31, 2015 | $0.5700 | $0.5700 | Quarterly | 0.00% |
Dec 5, 2014 | Dec 19, 2014 | Dec 31, 2014 | $0.5700 | $0.5700 | Quarterly | 0.00% |
Sep 4, 2014 | Sep 19, 2014 | Sep 30, 2014 | $0.5700 | $0.5700 | Quarterly | +5.56% |
May 29, 2014 | Jun 20, 2014 | Jun 30, 2014 | $0.5400 | $0.5400 | Quarterly | 0.00% |
Mar 7, 2014 | Mar 21, 2014 | Mar 31, 2014 | $0.5400 | $0.5400 | Quarterly | - |
EastGroup Properties, Inc. Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Solid FCF coverage. Dividend appears sustainable with reasonable cushion for maintaining capital expenditures and handling temporary setbacks.
Dividend Growth
Significant dividend reduction signals serious challenges. Company prioritizing financial stability over shareholder returns. High risk of further cuts.
Sustainability
Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.
Key Insight
Recent dividend cut signals distress: Management forced to reduce payout, indicating financial pressure. Evaluate whether business challenges are temporary or structural before reinvesting.
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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