This REIT just hiked dividends 10.7% while retail giants stay frozen
Key Points
- EastGroup Properties increased their dividend by 10.7%, mark...
While most companies are treating dividend increases like they're made of pure platinum, EastGroup Properties just casually bumped theirs up 10.7% like it's no big deal. Meanwhile, Macy's is sitting there with their dividend unchanged, probably wondering if anyone still remembers what shopping malls look like.
The Real Estate Rockstar vs The Retail Relic
EastGroup Properties raised their quarterly dividend to $1.55 per share from $1.40, and here's the kicker - this marks their 183rd consecutive quarterly payment. That's 45.75 years of never missing a beat, which is longer than most peopl...
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