Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, Wall Street Journal reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.24 per share on Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 6.56%. The ex-dividend date is Monday, November 4th.
Postal Realty Trust has raised its dividend payment by an average of 26.5% annually over the last three years. Postal Realty Trust has a dividend payout ratio of 872.7% 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 $0.84 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 114.3%.
Postal Realty Trust Stock Performance
NYSE PSTL opened at $14.63 on Thursday. The firm’s 50 day simple moving average is $14.46 and its 200 day simple moving average is $14.01. The firm has a market capitalization of $336.93 million, a price-to-earnings ratio of 162.57, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.88. Postal Realty Trust has a 1 year low of $13.00 and a 1 year high of $15.15.
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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