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EGP (EastGroup Properties) 3-Year Dividend Growth Rate : 17.80% (As of Sep. 2024)


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What is EastGroup Properties 3-Year Dividend Growth Rate?

EastGroup Properties's Dividends per Share for the three months ended in Sep. 2024 was $1.40.

The historical rank and industry rank for EastGroup Properties's 3-Year Dividend Growth Rate or its related term are showing as below:

EGP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -16.7   Med: 4.5   Max: 17.8
Current: 17.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of EastGroup Properties was 17.80% per year. The lowest was -16.70% per year. And the median was 4.50% per year.

EGP's 3-Year Dividend Growth Rate is ranked better than
81.05% of 512 companies
in the REITs industry
Industry Median: 3.1 vs EGP: 17.80

During the past 12 months, EastGroup Properties's average Dividends Per Share Growth Rate was 3.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 17.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

EastGroup Properties's Dividend Payout Ratio for the three months ended in Sep. 2024 was 1.24. As of today, EastGroup Properties's Dividend Yield % is 3.04%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of EastGroup Properties Inc is 1.16, which seems too high.

Good Sign:

EastGroup Properties Inc stock dividend yield is close to 5-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of EastGroup Properties's 3-Year Dividend Growth Rate

For the REIT - Industrial subindustry, EastGroup Properties's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


EastGroup Properties's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, EastGroup Properties's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where EastGroup Properties's 3-Year Dividend Growth Rate falls into.



EastGroup Properties 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


EastGroup Properties  (NYSE:EGP) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

EastGroup Properties's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2024 )/ EPS without NRI (Q: Sep. 2024 )
=1.4/ 1.13
=1.24

During the past 13 years, the highest Dividend Payout Ratio of EastGroup Properties was 1.66. The lowest was 1.12. And the median was 1.23.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of EastGroup Properties Inc is 1.16, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

EastGroup Properties Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.4000002024-09-302024-09-302024-10-15Cash DividendquarterlyUSD:USD 1.000000
USD 1.2700002024-06-282024-06-282024-07-15Cash DividendquarterlyUSD:USD 1.000000
USD 1.2700002024-03-272024-03-282024-04-15Cash DividendquarterlyUSD:USD 1.000000
USD 1.2700002023-12-282023-12-292024-01-12Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

EastGroup Properties's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=5.21/171.25
=3.04 %

Current Share Price is $171.25.
EastGroup Properties's Dividends per Share for the trailing twelve months (TTM) ended in Today is $5.21.

During the past 13 years, the highest Dividend Yield of EastGroup Properties was 4.62%. The lowest was 1.50%. And the median was 2.80%.

Good Sign:

EastGroup Properties Inc stock dividend yield is close to 5-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


EastGroup Properties 3-Year Dividend Growth Rate Related Terms>


EastGroup Properties Business Description

Traded in Other Exchanges
Address
400 West Parkway Place, Suite 100, Ridgeland, MS, USA, 39157
EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.
Executives
Richard Reid Dunbar officer: Senior Vice President 190 EAST CAPITOL STREET, SUITE 400, JACKSON MS 39201
Brent Wood officer: Executive Vice President & CFO 188 E CAPITOL ST, 300 ONE JACKSON PL, JACKSON MS 39201
John F Coleman officer: Executive Vice President 7003 PRESIDENTS DRIVE, STE 800, ORLANDO FL 32701
Eaves Hayden C Iii director 201 S LAKE AVE, STE 501, PASADENA CA 91101
David Michael Fields director 34 OAK TRAIL COURT, ALAMO CA 94507
Staci H. Tyler officer: Senior VP, CAO and Secretary EASTGROUP PROPERTIES, INC., 400 W. PARKWAY PLACE, SUITE 100, RIDGELAND MS 39157
Leland R Speed director
Hoster David H Ii director 188 EAST CAPITAL STREET, 300MONE JACKSON PLACE, JACKSON MS 39201
Katherine M Sandstrom director 4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237
Bailey H C Jr director 1052 HIGHLAND COLONY PARKWAY, STE 202, RIDGELAND MS 39157
Mary E Mccormick director 188 E. CAPITOL STREET, 300 ONE JACKSON PLACE, JACKSON MS 39201
Bolton H Eric Jr director
Donald F Colleran director 942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38117
D Pike Aloian director C/O ROTHSCHILD REALTY INC, 1251 AVENUEOF THE AMERICAS, NEW YORK NY 10020
Marshall A Loeb director, officer: President and CEO C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201