Postal Realty Trust, Inc. (PSTL) to Issue Quarterly Dividend of $0.24 on February 28th

Postal Realty Trust, Inc. (NYSE:PSTL) announced a quarterly dividend on Thursday, January 30th,NASDAQ Dividends reports. Investors 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 dividend on an annualized basis and a yield of 7.16%. 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 payment by an average of 17.0% per year over the last three years. Postal Realty Trust has a dividend payout ratio of 1,077.8% indicating that 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

Shares of PSTL stock opened at $13.55 on Wednesday. Postal Realty Trust has a fifty-two week low of $12.43 and a fifty-two week high of $15.15. The stock’s 50-day moving average is $13.19 and its two-hundred day moving average is $13.97. 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 firm has a market cap of $317.75 million, a P/E ratio of 169.40, a PEG ratio of 2.25 and a beta of 0.67.

Insider Activity at Postal Realty Trust

In related news, CEO Andrew Spodek purchased 7,968 shares of Postal Realty Trust stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $13.00 per share, with a total value 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 approximately $3,607,734. This represents a 2.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.60% of the stock is currently owned by company insiders.

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.