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EGP Eastgroup Properties dividend history, payout ratio & dates

Eastgroup Properties's last quarterly dividend payment of $1.27 per share was made to shareholders on record before Mar 27, 2024. At an annualized rate of $5.06 per share, the stock yields 3.06%.

Key dates

  • EGP last dividend date: Mar 27, 2024
  • EGP next dividend date: Not announced
EGP dividend stats
DPS
$5.06
Dividend yield
3.06%
Payout ratio
109.3%
vs. Real Estate sector
Dividend yield
6.1%
Payout ratio
137.3%

Dividend yield

What is Eastgroup Properties current dividend yield

EGP has a dividend yield of 3.06% which is lower than the Real Estate sector, the industry and its peers average. In comparison with the Real Estate sector average of 6.1%, Eastgroup Properties's dividend yield is 50% lower. Historically EGP's dividend yield has averaged at 2.5% in the last 5 years, which is lower than the current one.

Dividend history

What is EGP dividend payout history and dates

Eastgroup Properties has been paying dividends for the last 30 years. According to our records EGP has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 4.3% since one year ago. And with the stock price up by 1.7% from a year ago, the dividend yield marks an increase of 2.7%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 27, 2024 Apr 15, 2024 Mar 8, 2024 $1.27 normal
Dec 28, 2023 Jan 12, 2024 Dec 8, 2023 $1.27 normal
Sep 28, 2023 Oct 13, 2023 Aug 25, 2023 $1.27 normal
Jun 29, 2023 Jul 14, 2023 May 25, 2023 $1.25 normal
Mar 30, 2023 Apr 14, 2023 Mar 3, 2023 $1.25 normal
Dec 29, 2022 Jan 13, 2023 Dec 1, 2022 $1.25 normal
Sep 29, 2022 Oct 14, 2022 Aug 26, 2022 $1.25 normal
Jun 29, 2022 Jul 15, 2022 May 26, 2022 $1.1 normal
Mar 30, 2022 Apr 14, 2022 Mar 4, 2022 $1.1 normal
Dec 30, 2021 Jan 15, 2022 Dec 1, 2021 $1.1 normal
Sep 29, 2021 Oct 15, 2021 Aug 26, 2021 $0.9 normal
Jun 29, 2021 Jul 15, 2021 May 27, 2021 $0.79 normal
Mar 30, 2021 Apr 15, 2021 Mar 5, 2021 $0.79 normal
Dec 30, 2020 Jan 15, 2021 Dec 3, 2020 $0.79 normal
Sep 29, 2020 Oct 15, 2020 Aug 27, 2020 $0.79 normal
Jun 29, 2020 Jul 15, 2020 May 21, 2020 $0.75 normal
Mar 30, 2020 Apr 15, 2020 Mar 5, 2020 $0.75 normal
Dec 27, 2019 Jan 15, 2020 Dec 6, 2019 $0.75 normal
Sep 27, 2019 Oct 15, 2019 Aug 29, 2019 $0.75 normal
Jun 27, 2019 Jul 15, 2019 May 23, 2019 $0.72 normal
Mar 28, 2019 Apr 15, 2019 Mar 8, 2019 $0.72 normal
Dec 28, 2018 Jan 15, 2019 Dec 7, 2018 $0.72 normal
Sep 27, 2018 Oct 15, 2018 Sep 7, 2018 $0.72 normal
Jun 19, 2018 Jun 29, 2018 May 24, 2018 $0.64 normal
Mar 20, 2018 Mar 30, 2018 Mar 2, 2018 $0.64 normal
Dec 14, 2017 Dec 29, 2017 Dec 1, 2017 $0.64 normal
Sep 14, 2017 Sep 29, 2017 Aug 31, 2017 $0.64 normal
Jun 14, 2017 Jun 30, 2017 May 11, 2017 $0.62 normal
Mar 20, 2017 Mar 31, 2017 Mar 3, 2017 $0.62 normal
Dec 14, 2016 Dec 30, 2016 Dec 2, 2016 $0.62 normal
Sep 15, 2016 Sep 30, 2016 Sep 1, 2016 $0.62 normal
Jun 15, 2016 Jun 30, 2016 May 26, 2016 $0.6 normal
Mar 21, 2016 Mar 31, 2016 Mar 3, 2016 $0.6 normal

Eastgroup Properties dividend payout ratio

What is Eastgroup Properties dividend payout ratio compared to the sector

Payout ratio

EGP has a payout ratio of 109.3% which is lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 137.3%, Eastgroup Properties's payout ratio is 20% lower.

Total amount of dividends paid per financial year (from cash flow)

EGP dividend vs peer dividends

How does EGP dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
MPW Medical Properties Trust Inc 14.8% $0.74 N/A
FRT Federal Realty Investment Trust 4.29% $4.35 154.8%
HST Host Hotels & Resorts Inc 3.98% $0.73 70.9%
EGP Eastgroup Properties Inc 3.06% $5.06 109.3%

Frequently asked questions

Does Eastgroup Properties pay a dividend?

Yes, Eastgroup Properties has paid four dividends in the last 12 months. EGP has been paying dividends since 1994.

When is Eastgroup Properties's next dividend?

Currently EGP's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.

When was EGP's last dividend?

Eastgroup Properties's last dividend ex-date was on Mar 27, 2024. The dividend amount was $1.27 per share.

How much dividend does Eastgroup Properties pay (per share)?

EGP has paid dividend of $5.06 per share in the last year.

What is Eastgroup Properties's dividend yield?

The current dividend yield of Eastgroup Properties is 3.06%.

How often does Eastgroup Properties pay dividends?

Eastgroup Properties pays dividends quarterly.

What is Eastgroup Properties's dividend payout ratio?

The dividend payout ratio of Eastgroup Properties is 109.3%.

Does Eastgroup Properties pay a good dividend?

Eastgroup Properties's dividend yield is lower than the Real Estate sector average.