eastgroup is a company that owns many buildings where people store and move big things, like toys and clothes, from one place to another. they have been giving some of their money to people who have invested in their company for a long time, like when you save some of your allowance in a piggy bank. recently, they told everyone that they will give more money to the people who invested in their company, which is like getting a bigger piece of the pie. this makes many people happy and excited because they will get more money, just like how you feel when you get more pieces of candy. Read from source...

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bullish

Key Takeaways:
1. EastGroup Properties has announced a 10.2% hike in its quarterly dividend, raising it to $1.40 per share from $1.27 paid earlier.
2. The increased dividend will be paid out on Oct. 15 to shareholders on record as of Sep. 30, 2024.
3. Based on the increase, the annual dividend rate now comes to $5.60 a share, resulting in an annualized yield of 2.99%.
4. This marks EastGroup's 179th consecutive quarterly distribution to shareholders, illustrating the company's commitment to boosting shareholder wealth.
5. The company has hiked its dividend in each of the last 13 years, which is attractive to income investors.
6. EastGroup has a well-leased industrial portfolio, with its operating portfolio being 97.4% leased and 97.1% occupied as of June 30, 2024.
7. The company has a decent earnings performance, beating the Zacks Consensus Estimate in two of the trailing four quarters, and growing its FFO per share at a rate of 8.0% over the next five years.
8. Amid an e-commerce boom, demand for logistics infrastructure and efficient distribution networks is on the rise, aiding the industrial real estate market to prosper.
9. The latest hike reflects EastGroup's high-quality portfolio and its ability to generate solid cash flow growth through its operating platform.

Market Outlook:
The industrial real estate market is expected to prosper amid an e-commerce boom, propelling demand for logistics infrastructure and efficient distribution networks.

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### AMY:
Investing in stocks involves risks, including possible loss of principal. Investors should conduct their own due diligence before investing.

### MARK:
This article is for informational purposes only and does not constitute advice or recommendations to invest in any specific stock or strategy. Investors should conduct their own due diligence and seek advice from a financial advisor before making any investment decisions.