Postal Realty Trust, Inc. (NYSE:PSTL) Declares Quarterly Dividend of $0.24

Postal Realty Trust, Inc. (NYSE:PSTL) declared a quarterly dividend on Monday, April 21st, RTT News reports. Shareholders of record on Thursday, May 1st will be paid a dividend of 0.2425 per share on Friday, May 30th. This represents a $0.97 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date is Thursday, May 1st.

Postal Realty Trust has raised its dividend by an average of 17.0% per year over the last three years. Postal Realty Trust has a dividend payout ratio of 262.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Postal Realty Trust to earn $0.87 per share next year, which means the company may not be able to cover its $0.97 annual dividend with an expected future payout ratio of 111.5%.

Postal Realty Trust Price Performance

Shares of PSTL opened at $13.60 on Wednesday. The company has a 50 day moving average of $13.59 and a two-hundred day moving average of $13.65. The company has a market cap of $320.38 million, a price-to-earnings ratio of 170.02 and a beta of 0.71. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust has a twelve month low of $12.26 and a twelve month high of $15.15.

Insider Activity at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the sale, the chief accounting officer now owns 116,573 shares of the company’s stock, valued at approximately $1,661,165.25. The trade was a 11.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 19,452 shares of company stock valued at $277,332 in the last ninety days. Corporate insiders own 13.60% of the company’s stock.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.