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

Postal Realty Trust, Inc. (NYSE:PSTL) announced 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 7.25%. The ex-dividend date of this dividend is Thursday, May 1st.

Postal Realty Trust has raised its dividend by an average of 17.0% per year over the last three years. Postal Realty Trust has a payout ratio of 334.5% 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 NYSE:PSTL opened at $13.38 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $13.62. The firm has a market cap of $315.19 million, a PE ratio of 167.27 and a beta of 0.71. Postal Realty Trust has a one year low of $12.26 and a one year high of $15.15.

Insider Activity at Postal Realty Trust

In other news, CAO Matt Brandwein sold 15,142 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $14.25, for a total value of $215,773.50. Following the completion of the transaction, the chief accounting officer now directly owns 116,573 shares in the company, valued at $1,661,165.25. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 19,452 shares of company stock valued at $277,332 over the last 90 days. Insiders own 13.60% of the company’s stock.

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.