Pitney Bowes Inc. (NYSE:PBI) Plans Quarterly Dividend of $0.01

Key Points

• Pitney Bowes declared a quarterly dividend of $0.01 per share, with record and ex-dividend date on May 18 and payment scheduled for June 5, implying a roughly 0.3% yield.
• The company reported Q results on May 5 with $0.47 EPS (in line with estimates) and $477M revenue, and analysts expect about $1.56–$1.58 EPS next year, leaving the dividend covered by a projected payout ratio in the mid-20% range.
• Shares trade around $15.54 with a market cap of $2.23 billion, a P/E of ~18.7 and a 52-week range of $8.81–$15.95, trading well above its 50- and 200-day moving averages.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.01 per share by the technology company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, May 18th.

Pitney Bowes has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Pitney Bowes has a payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pitney Bowes to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 23.1%.

Pitney Bowes Stock Performance

Shares of NYSE:PBI opened at $15.54 on Wednesday. The firm has a market cap of $2.23 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.98 and a beta of 1.64. The firm's 50 day simple moving average is $11.74 and its 200-day simple moving average is $10.81. Pitney Bowes has a one year low of $8.81 and a one year high of $15.95.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, hitting analysts' consensus estimates of $0.47. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The business had revenue of $477.00 million for the quarter, compared to analyst estimates of $471.83 million. During the same period last year, the company posted $0.33 earnings per share. The company's quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts predict that Pitney Bowes will post 1.58 EPS for the current fiscal year.

About Pitney Bowes

Pitney Bowes Inc NYSE: PBI is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company's core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.

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