Postal Realty Trust (PSTL) Raises Quarterly Dividend 17.6% to $0.20; 5.1% Yield

Postal Realty Trust (NYSE: PSTL) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 17.6% increase from the prior dividend of $0.17.

The dividend will be payable on May 29, 2020, to stockholders of record on May 11, 2020, with an ex-dividend date of May 8, 2020.

The annual yield on the dividend is 5.1 percent.

Andrew Spodek, Chief Executive Officer stated, “We are pleased to announce our third dividend increase since our IPO. The Board has approved these increases as we have grown our portfolio and increased cash flow. As we continue to scale our business, we have the confidence that our dividend remains covered by rents that are backed by an agency of the United States Government. We believe that the financial strength of this tenant and the prudence of our dividend policy drives shareholder value in both stable as well as volatile market conditions.”

For a dividend history and other dividend-related data on Postal Realty Trust (PSTL) click here.

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