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

Postal Realty Trust, Inc. (NYSE:PSTLGet Free Report) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.245 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, August 14th.

Postal Realty Trust has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Postal Realty Trust has a payout ratio of 264.9% indicating that 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 $1.35 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 72.6%.

Postal Realty Trust Stock Up 0.7%

Shares of PSTL opened at $23.19 on Tuesday. The firm has a market cap of $640.59 million, a P/E ratio of 45.48 and a beta of 0.79. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.43 and a current ratio of 1.43. Postal Realty Trust has a 52 week low of $13.71 and a 52 week high of $25.22. The firm’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $21.24.

Postal Realty Trust (NYSE:PSTLGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $26.65 million during the quarter, compared to analyst estimates of $25.43 million. Postal Realty Trust had a return on equity of 4.53% and a net margin of 15.84%. On average, analysts forecast that Postal Realty Trust will post 1.22 earnings per share for the current year.

Postal Realty Trust Company Profile

(Get Free Report)

Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.

The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.

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Dividend History for Postal Realty Trust (NYSE:PSTL)

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