Postal Realty Trust, Inc. (NYSE:PSTL) Shares Will Pay Quarterly Dividend of $0.24

Postal Realty Trust, Inc. (NYSE:PSTL) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.2450 per share on Friday, November 27th. This represents a $0.98 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, November 13th.

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 $1.37 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 71.5%.

Postal Realty Trust Price Performance

Shares of NYSE PSTL opened at $21.66 on Tuesday. Postal Realty Trust has a twelve month low of $14.42 and a twelve month high of $25.22. The firm has a fifty day simple moving average of $22.86 and a 200 day simple moving average of $21.76. The company has a market capitalization of $598.25 million, a PE ratio of 40.11 and a beta of 0.79. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.92.

Postal Realty Trust (NYSE:PSTL) last released its earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $28.58 million for the quarter, compared to analyst estimates of $26.27 million. Postal Realty Trust had a net margin of 16.42% and a return on equity of 4.63%. On average, sell-side analysts forecast that Postal Realty Trust will post 1.23 EPS for the current year.

About Postal Realty Trust

Postal Realty Trust, Inc (NYSE:PSTL) is a real estate investment trust focused on acquiring, owning, managing and developing properties that are leased primarily to the United States Postal Service. Its portfolio is concentrated in postal facilities, including post offices and other properties used for postal operations.

The company generally leases its properties under long-term agreements, allowing it to generate rental income from a specialized portfolio of mission-critical facilities.