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

Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) declared a quarterly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.245 per share on Friday, August 28th. This represents a c) dividend on an annualized basis 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 increased its dividend annually for the last 3 consecutive years. Postal Realty Trust has a payout ratio of 264.9% meaning 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 $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%.

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Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $23.19 on Tuesday. The company has a market cap of $640.59 million, a P/E ratio of 45.48 and a beta of 0.79. The firm has a fifty day moving average price of $23.66 and a 200 day moving average price of $21.24. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.04. Postal Realty Trust has a 12 month low of $13.71 and a 12 month high of $25.22.

Postal Realty Trust (NYSE:PSTL – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $26.65 million for the quarter, compared to analysts’ expectations of $25.43 million. Postal Realty Trust had a return on equity of 4.53% and a net margin of 15.84%. Sell-side analysts predict that Postal Realty Trust will post 1.22 earnings per share for the current fiscal 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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