Postal Realty Trust, Inc. (PSTL) To Go Ex-Dividend on February 13th

Postal Realty Trust, Inc. (NYSE:PSTLGet Free Report) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, February 13th will be given a dividend of 0.245 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, February 13th. This is a 1.0% increase from Postal Realty Trust’s previous quarterly dividend of $0.24.

Postal Realty Trust has raised its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Postal Realty Trust has a dividend payout ratio of 264.9% indicating that 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 $0.98 annual dividend with an expected future payout ratio of 112.6%.

Postal Realty Trust Stock Performance

Shares of PSTL traded down $0.08 during trading hours on Wednesday, reaching $18.99. 136,206 shares of the company traded hands, compared to its average volume of 331,575. Postal Realty Trust has a 1-year low of $12.26 and a 1-year high of $19.26. The stock has a market cap of $494.75 million, a P/E ratio of 39.55 and a beta of 0.74. The stock’s fifty day moving average is $16.75 and its 200 day moving average is $15.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.25 and a current ratio of 1.25.

About Postal Realty Trust

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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.

See Also

Dividend History for Postal Realty Trust (NYSE:PSTL)

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