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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) announced a quarterly dividend on Thursday, January 30th,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.2425 per share on Friday, February 28th. This represents a $0.97 annualized dividend and a yield of 7.30%. The ex-dividend date is Friday, February 14th. This is an increase from Postal Realty Trust's previous quarterly dividend of $0.24.

Postal Realty Trust has raised its dividend by an average of 17.0% annually over the last three years. Postal Realty Trust has a payout ratio of 1,077.8% 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 $0.87 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

Postal Realty Trust stock traded up $0.08 during trading hours on Tuesday, hitting $13.30. The stock had a trading volume of 53,096 shares, compared to its average volume of 125,013. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $311.79 million, a price-to-earnings ratio of 166.27, a PEG ratio of 2.17 and a beta of 0.67. Postal Realty Trust has a 1-year low of $12.43 and a 1-year high of $15.15. The stock's fifty day moving average is $13.25 and its two-hundred day moving average is $14.00.

Postal Realty Trust (NYSE:PSTL - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The firm had revenue of $19.67 million during the quarter, compared to analyst estimates of $18.49 million. Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. During the same period last year, the company posted $0.27 EPS. As a group, analysts predict that Postal Realty Trust will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Postal Realty Trust

In related news, CEO Andrew Spodek acquired 7,968 shares of Postal Realty Trust stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the transaction, the chief executive officer now directly owns 277,518 shares of the company's stock, valued at $3,607,734. The trade was a 2.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 13.20% of the stock is owned by corporate insiders.

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.