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

Key Points

• Postal Realty Trust, Inc. has announced a quarterly dividend of $0.24 per share, with shareholders set to be paid on November 28th.
• The company currently has a dividend payout ratio of 262.2%, indicating it cannot cover its dividend with earnings alone and is relying on its balance sheet to do so.
• Analysts project the firm will earn $0.87 per share next year, suggesting it may struggle to sustain its $0.97 annual dividend given an expected payout ratio of 111.5%.

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Tuesday, November 4th will be paid a dividend of 0.2425 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, November 4th.

Postal Realty Trust has a dividend payout ratio of 262.2% 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 $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 Price Performance

Shares of NYSE PSTL opened at $15.34 on Thursday. Postal Realty Trust has a fifty-two week low of $12.26 and a fifty-two week high of $16.50. The business has a 50 day moving average price of $15.47 and a two-hundred day moving average price of $14.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.01. The firm has a market cap of $376.93 million, a PE ratio of 40.36 and a beta of 0.86.

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.

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