EastGroup Properties Announces 110th Quarterly Dividend
May 30 2007 - 3:46PM
PR Newswire (US)
JACKSON, Miss., May 30 /PRNewswire-FirstCall/ -- EastGroup
Properties (NYSE:EGP) announced today that its Board of Directors
declared a quarterly dividend of $.50 per share payable on June 29,
2007 to shareholders of record of Common Stock on June 15, 2007.
This dividend is the 110th consecutive quarterly distribution to
EastGroup's shareholders and represents an annualized dividend rate
of $2.00 per share. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030519/EGPLOGO ) EastGroup
also announced that its Board of Directors declared a quarterly
dividend of $.4969 per share payable on July 13, 2007 to
shareholders of record of Series D Preferred Stock on June 29,
2007. 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
throughout the United States with an emphasis in the states of
Arizona, California, Florida and Texas. 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 23.4 million
square feet with an additional 1.3 million square feet of
properties under development. EastGroup Properties, Inc. press
releases are available at http://www.eastgroup.net/.
http://www.newscom.com/cgi-bin/prnh/20030519/EGPLOGO
http://photoarchive.ap.org/ DATASOURCE: EastGroup Properties, Inc.
CONTACT: David H. Hoster II, President and Chief Executive Officer,
+1-601-354-3555 or N. Keith McKey, Chief Financial Officer
+1-601-354-3555, both of EastGroup Properties Web site:
http://www.eastgroup.net/ Company News On-Call:
http://www.prnewswire.com/comp/266748.html
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