This REIT Just Gave Its Investors a 22.2% Raise
If there's one thing investors should know about EastGroup Properties (NYSE: EGP), it's that the real estate investment trust (REIT) isn't stingy. The industrial-focused REIT recently increased its dividend by an impressive 22.2%. That's the second raise it has given investors this year and adds to its tally over the past few decades.
Here's a closer look at EastGroup's dividend, what's driving this year's big boost, and what investors should expect from the REIT in the future.
Image source: Getty Images.
Source Fool.com
