Pitney Bowes Inc. (NYSE:PBI) to Issue Quarterly Dividend of $0.05

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Thursday, May 23rd will be paid a dividend of 0.05 per share by the technology company on Friday, June 7th. This represents a $0.20 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Pitney Bowes has a payout ratio of 153.8% 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 research analysts expect Pitney Bowes to earn $0.25 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 80.0%.

Pitney Bowes Trading Up 0.3 %

Shares of NYSE:PBI traded up $0.01 during midday trading on Friday, hitting $5.27. 3,467,879 shares of the stock were exchanged, compared to its average volume of 1,493,756. Pitney Bowes has a twelve month low of $2.80 and a twelve month high of $5.51. The company has a 50 day moving average price of $4.18 and a 200-day moving average price of $4.07. The stock has a market cap of $935.43 million, a P/E ratio of -2.40, a PEG ratio of 28.07 and a beta of 2.14.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. Pitney Bowes had a negative net margin of 11.81% and a negative return on equity of 4.75%. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $797.00 million. During the same period in the prior year, the business earned ($0.01) earnings per share. The company's quarterly revenue was down .4% on a year-over-year basis. On average, equities research analysts expect that Pitney Bowes will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Pitney Bowes from a "buy" rating to a "hold" rating in a report on Monday, February 5th.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.