Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) declared a quarterly dividend on Wednesday, October 23rd, Wall Street Journal reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.24 per share on Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.57%. 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 traded down $0.02 on Wednesday, hitting $14.61. The company had a trading volume of 47,667 shares, compared to its average volume of 96,476. 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 company has a market capitalization of $336.47 million, a PE ratio of 162.57, a PEG 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’s fifty day moving average price is $14.45 and its 200-day moving average price is $14.00.
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.
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