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

Postal Realty Trust, Inc. (NYSE:PSTL) announced a quarterly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.245 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, August 14th.

Postal Realty Trust has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Postal Realty Trust has a payout ratio of 264.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Postal Realty Trust to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 72.6%.

Postal Realty Trust Stock Up 0.7%

NYSE:PSTL opened at $23.19 on Tuesday. The company’s 50 day moving average is $23.66 and its two-hundred day moving average is $21.24. The company has a market cap of $640.59 million, a PE ratio of 45.48 and a beta of 0.79. Postal Realty Trust has a twelve month low of $13.71 and a twelve month high of $25.22. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.04.

Postal Realty Trust (NYSE:PSTL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $26.65 million for the quarter, compared to analyst estimates of $25.43 million. Postal Realty Trust had a net margin of 15.84% and a return on equity of 4.53%. Analysts anticipate that Postal Realty Trust will post 1.22 EPS for the current year.

About Postal Realty Trust

Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.

The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.