Postal Realty Trust: A Steady Dividend Payer, Yielding Over 7%
Postal Realty Trust(PSTL) Seeking Alpha·2024-07-09 20:00
plasticsteak1/iStock via Getty Images Investors appear to be overlooking Postal Realty Trust (NYSE:PSTL), a recession-proof REIT that is currently offering a more than 7% yield on its dividend. I last covered PSTL in the middle of 2023. At the time, I highlighted the REIT’s stable cash flows and its strong dividend growth rate. In my update, I noted that shares were still attractive despite an end to PSTL’s streak of continuously increasing their quarterly payout. Ultimately, I saw about 15% upside in t ...