April 24, 2023

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Postal Realty Trust, Inc. (PSTL) has announced that its board of directors has approved a quarterly dividend on the Company's Class A common stock, increasing the dividend by 3.3% from the previous quarter. Postal Realty Trust is an internally managed real estate investment trust that owns and manages over 1,700 postal properties leased primarily to the United States Postal Service.

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Dividend Increase Announcement

Postal Realty Trust's board of directors has approved a quarterly dividend on the Company's Class A common stock in the amount of $0.2375 per share. This represents a 3.3% increase from the first quarter 2022 dividend. The dividend will be payable on May 31, 2023, to stockholders of record as of the close of business on May 5, 2023.

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CEO Andrew Spodek's Statement

Andrew Spodek, Chief Executive Officer, stated, "The board of directors has decided to maintain our current dividend per share. In this environment, they believe it is prudent to retain additional cash flow for future growth, reinvestment in our company, and to continue to fortify our balance sheet. We believe we have an attractive dividend, and the board will review increases on an annual basis."

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Members of LevelFields received the alert of this event on April 24, 4:55 PM ET

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