In This Article:
– Increases Dividend for Seventh Consecutive Year –
– Provides Tax Characteristics of 2024 Dividends –
CEDARHURST, N.Y., Jan. 31, 2025 (GLOBE NEWSWIRE) -- This press release is being issued to replace in its entirety a press release issued on January 30, 2025 by Postal Realty Trust, Inc. that contained a typographical error regarding the Section 199A Dividend amount.
Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,000 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.2425 per share. This represents a 1.0% increase from the fourth quarter 2023 dividend. The dividend will be payable on February 28, 2025 to stockholders of record as of the close of business on February 14, 2025.
Tax Treatment of 2024 Dividends
The following table summarizes, for income tax purposes, the nature of the cash dividends paid to the Company’s Class A common stockholders during the tax year ended December 31, 2024:
| Record Date | Payment Date | Distribution per Share | Ordinary Dividends | Qualified | Capital Gain Distributions (2) | Unrecaptured Sec 1250 Gain (3) | Section 897 Capital Gain | Non-Dividend Distributions (4) | Section 199A Dividends (1) | ||||||||
| 2/16/2024 | 2/29/2024 | $0.2400 | $0.1638 | $0.0022 | $0.0022 | $0.0001 | $0.0022 | $0.0740 | $0.1616 | ||||||||
| 5/8/2024 | 5/31/2024 | $0.2400 | $0.1638 | $0.0022 | $0.0022 | $0.0001 | $0.0022 | $0.0740 | $0.1616 | ||||||||
| 8/2/2024 | 8/30/2024 | $0.2400 | $0.1638 | $0.0022 | $0.0022 | $0.0001 | $0.0022 | $0.0740 | $0.1616 | ||||||||
| 11/4/2024 | 11/29/2024 | $0.2400 | $0.1638 | $0.0022 | $0.0022 | $0.0001 | $0.0022 | $0.0740 | $0.1616 | ||||||||
| Total | $0.9600 | $0.6552 | $0.0088 | $0.0088 | $0.0004 | $0.0088 | $0.2960 | $0.6464 | |||||||||
| (1) | Qualified and Section 199A dividends are a subset of, and included in, the taxable ordinary dividends amount. |
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The information in the table above is based on the preliminary results of work on the tax filings of the Company and is subject to correction or adjustment when the filings are completed. No material change in these classifications is expected. The tax information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Stockholders are encouraged to consult with their own tax advisors regarding the specific federal, state, local, foreign and other tax consequences of ownership of the Company’s Class A common stock and the specific tax treatment of distributions on the Company’s Class A common stock.