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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, Wall Street Journal reports. Investors of record on Monday, November 4th will be given a dividend of 0.24 per share on Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date is Monday, November 4th.

Postal Realty Trust has increased its dividend by an average of 26.5% per year over the last three years. Postal Realty Trust has a payout ratio of 872.7% 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 $0.84 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 114.3%.

Postal Realty Trust Price Performance

NYSE PSTL remained flat at $14.63 during trading hours on Wednesday. The company had a trading volume of 65,130 shares, compared to its average volume of 96,562. The stock has a market capitalization of $336.93 million, a price-to-earnings ratio of 162.57, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. Postal Realty Trust has a 12 month low of $13.00 and a 12 month high of $15.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a fifty day moving average price of $14.46 and a 200-day moving average price of $14.01.

Postal Realty Trust (NYSE:PSTL - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.19). Postal Realty Trust had a return on equity of 1.10% and a net margin of 4.93%. The business had revenue of $18.05 million during the quarter, compared to analyst estimates of $17.78 million. During the same period in the previous year, the company posted $0.27 EPS. Equities analysts forecast that Postal Realty Trust will post 0.79 EPS for the current fiscal year.

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.