EastGroup Properties Dividends and Buybacks
Dividend criteria checks 5/6
EastGroup Properties is a dividend paying company with a current yield of 3.48% that is well covered by earnings. Next payment date is on 15th January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
3.5%
Dividend yield
-6.2%
Buyback Yield
| Total Shareholder Yield | -2.7% |
| Future Dividend Yield | 3.7% |
| Dividend Growth | -2.9% |
| Next dividend pay date | 15 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | US$5.600 |
| Payout ratio | 61% |
Recent dividend and buyback updates
Recent updates
EastGroup Properties: Double-Digit Dividend Growth, Industrial Powerhouse You Should Consider
Nov 01EastGroup Properties Still Looks Buyable After Solid Q2 2024 Delivery
Aug 23EastGroup Properties Is Well-Positioned To Benefit From The Upcoming Market Shift
Jul 01EastGroup Properties: A Fully Valued Industrial Sunbelt Play
Apr 22EastGroup Properties: A Great Dividend Pick At A Great Premium
Jan 25EastGroup Properties: Guidance Raised Again In Q3, But Wait For Better Price
Nov 09EastGroup Properties: Wait For A Discount To Buy This Quality Industrial REIT
Sep 21Recession Worries? EastGroup Properties Could Be A Better Buy Than STAG Industrial
Aug 24EastGroup Properties: Solid Core Holding At Less Of A Bargain
Jul 17Eastgroup Properties GAAP EPS of $0.87 beats by $0.02, revenue of $125.66M beats by $1.73M
Oct 25Eastgroup Properties raises quarterly dividend by 13.6%
Aug 26Amazon Sneezed, EastGroup Properties Caught A Cold
Aug 18EastGroup Properties: Rocket On The Launching Pad
Jul 30EastGroup Properties: Still Quality, But Still Pricey Too
Apr 18Stability and Growth of Payments
Fetching dividends data
Stable Dividend: EGP's dividends per share have been stable in the past 10 years.
Growing Dividend: EGP's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| EastGroup Properties Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (EGP) | 3.5% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Industrial REITs) | 3.8% |
| Analyst forecast (EGP) (up to 3 years) | 3.7% |
Notable Dividend: EGP's dividend (3.48%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: EGP's dividend (3.48%) is low compared to the top 25% of dividend payers in the US market (4.52%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (61.4%), EGP's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (69.1%), EGP's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 16:47 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
EastGroup Properties, Inc. is covered by 46 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Nicholas Thillman | Baird |
| Brendan Lynch | Barclays |