Pitney Bowes Inc. (PBI) to Distribute Quarterly Dividend of $0.10 on December 8th

Pitney Bowes Inc. (NYSE:PBI) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Monday, November 16th will be paid a dividend of $0.10 per share by the technology company on Tuesday, December 8th. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, November 16th. This is a 900.0% increase from Pitney Bowes’s previous quarterly dividend of $0.01.

Pitney Bowes has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Pitney Bowes has a payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pitney Bowes to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 21.5%.

Pitney Bowes Trading Down 5.4%

NYSE PBI opened at $16.49 on Friday. The firm has a market capitalization of $2.26 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.70 and a beta of 1.66. The business’s 50-day moving average price is $16.93 and its two-hundred day moving average price is $14.78. Pitney Bowes has a 12 month low of $8.95 and a 12 month high of $19.07.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $456.18 million during the quarter, compared to the consensus estimate of $458.24 million. Pitney Bowes had a negative return on equity of 30.30% and a net margin of 10.10%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. As a group, analysts forecast that Pitney Bowes will post 1.68 earnings per share for the current fiscal year.

About Pitney Bowes

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.