Sunbelt industrial property investor EastGroup Properties announced today its third-quarter dividend of $0.54 per share, a near 2% increase from the payout made last quarter to investors of $0.53 per share.
The board of directors said the quarterly dividend is payable on September 30 to holders of record at the close of business on September 19. The regular dividend payment equates to a $2.16-per-share annual dividend, yielding 3.8% based on the closing price today of EastGroup Properties' stock.
Copyright © 2009 The Motley Fool, LLC. All rights reserved.