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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) declared a quarterly dividend on Monday, April 21st, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 7.22%. The ex-dividend date is Thursday, May 1st.

Postal Realty Trust has increased its dividend by an average of 17.0% annually 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. 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 Stock Performance

Postal Realty Trust stock remained flat at $13.44 during mid-day trading on Thursday. The company had a trading volume of 10,421 shares, compared to its average volume of 124,364. The business has a 50-day moving average price of $13.60 and a two-hundred day moving average price of $13.65. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The firm has a market cap of $316.61 million, a price-to-earnings ratio of 168.01 and a beta of 0.71. Postal Realty Trust has a 52 week low of $12.26 and a 52 week high of $15.15.

Insider Activity

In related news, CAO Matt Brandwein sold 2,810 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.30, for a total value of $40,183.00. Following the sale, the chief accounting officer now owns 131,715 shares in the company, valued at approximately $1,883,524.50. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 19,452 shares of company stock valued at $277,332 in the last quarter. Insiders own 13.60% of the company's stock.

About Postal Realty Trust

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.