EastGroup Properties, Inc. (NYSE:EGP) will begin trading ex-dividend on September 29, 2020. The quarterly dividend payment of $ 0.79 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 2.45 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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EastGroup Properties, Inc. recently reported second quarter financial results on July 28, 2020, after market close, the Ridgeland based company unfold income for the second quarter of $ 1.33 per share, from the revenue of $ 89.72 million. The quarterly earnings expanded 82.19 percent compared with the same quarter last year. Street analysts expected EastGroup Properties, Inc. recently reported second quarter financial results on July 28, 2020, after market close, the Ridgeland based company to report income of $ 0.55 per share on revenue of $ 88.70 million for the second quarter. The bottom line results beat street analysts by $ 0.78 or 141.82 percent, at the same time, top line results outshined analysts by $ 1.02 million or 1.15 percent.
Stock Performance
Shares of EastGroup Properties, Inc. traded up $ 2.63 or 2.08 percent on Friday, reaching $ 128.88 with volume of 111.40 thousand shares. EastGroup Properties, Inc. has traded high as $ 128.92 and has cracked $ 125.62 on the downward trend
According to the previous trading day, closing price of $ 128.88, representing a 51.38 % increase from the 52 week low of $ 83.40 and a 11.52 % decrease over the 52 week high of $ 142.69.
The company has a market capital of $ 5.07 billion and is part of the Real Estate sector and REIT – Industrial industry.
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 Companys 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).
