Postal Realty Trust, Inc. (NYSE:PSTL) to Issue Dividend Increase – $0.24 Per Share

Postal Realty Trust, Inc. (NYSE:PSTL) declared a quarterly dividend on Thursday, January 30th,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.2425 per share on Friday, February 28th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date is Friday, February 14th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24.

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 dividend payout ratio of 1,077.8% 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 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 Trading Up 0.4 %

Postal Realty Trust stock opened at $13.55 on Wednesday. The business has a 50 day moving average price of $13.19 and a two-hundred day moving average price of $13.97. 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 12 month low of $12.43 and a 12 month high of $15.15. The stock has a market cap of $317.75 million, a price-to-earnings ratio of 169.40, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67.

Insider Activity

In other Postal Realty Trust news, CEO Andrew Spodek bought 7,968 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $103,584.00. Following the transaction, the chief executive officer now owns 277,518 shares in the company, valued at approximately $3,607,734. The trade was a 2.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.60% of the stock is currently owned by company insiders.

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.