Postal Realty Trust, Inc. (PSTL) to Issue Quarterly Dividend of $0.24 on May 30th

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 given 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 is Thursday, May 1st.

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 payout ratio of 334.5% meaning 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 $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 Trading Up 1.3 %

Shares of NYSE PSTL opened at $13.38 on Tuesday. The stock has a market cap of $315.19 million, a P/E ratio of 167.27 and a beta of 0.71. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust has a 1 year low of $12.26 and a 1 year high of $15.15. The firm has a 50-day moving average of $13.61 and a 200 day moving average of $13.62.

Insider Buying and Selling

In other news, CAO Matt Brandwein sold 15,142 shares of Postal Realty Trust stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the transaction, the chief accounting officer now directly owns 116,573 shares of the company’s stock, valued at $1,661,165.25. The trade was a 11.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 19,452 shares of company stock worth $277,332 in the last three months. 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.