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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) declared 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 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date is Thursday, May 1st.

Postal Realty Trust has increased its dividend payment by an average of 17.0% annually over the last three years. Postal Realty Trust has a dividend payout ratio of 262.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 PSTL stock traded down $0.09 during mid-day trading on Friday, reaching $13.21. The stock had a trading volume of 151,459 shares, compared to its average volume of 125,904. The firm has a market cap of $311.19 million, a PE ratio of 165.15 and a beta of 0.71. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust has a one year low of $12.26 and a one year high of $15.15. The firm's 50 day simple moving average is $13.60 and its 200 day simple moving average is $13.63.

Insider Buying and Selling at Postal Realty Trust

In other news, CAO Matt Brandwein sold 15,142 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,661,165.25. This represents a 11.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 19,452 shares of company stock valued at $277,332 in the last 90 days. 13.60% of the stock is currently owned by company insiders.

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.