Published:
EastGroup Properties Announces 115th Consecutive Quarterly Dividend
JACKSON, Miss., Sept. 4 /PRNewswire-FirstCall/ -- EastGroup Properties
(NYSE: EGP) announced today that its Board of Directors declared a quarterly
dividend of $.52 per share payable on September 30, 2008 to shareholders of
record of Common Stock on September 19, 2008. This dividend is the 115th
consecutive quarterly distribution to EastGroup's shareholders and represents
an annualized dividend rate of $2.08 per share.
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 throughoutthe United States
with an emphasis in the states ofArizona,California,Florida andTexas. Its
strategy for growth is based on its property portfolio orientation toward
premier business distribution facilities clustered near major transportation
features. EastGroup's portfolio currently includes 25.3 million square feet
with an additional 1.9 million square feet of properties under development.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
SOURCE EastGroup Properties, Inc.
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