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

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

Pitney Bowes has a dividend payout ratio of 153.8% meaning 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 Stock Up 0.3 %

Pitney Bowes stock opened at $5.27 on Friday. Pitney Bowes has a fifty-two week low of $2.80 and a fifty-two week high of $5.51. The firm’s fifty day moving average price is $4.18 and its 200-day moving average price is $4.07.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Thursday, May 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $797.00 million. Pitney Bowes had a negative return on equity of 3.09% and a negative net margin of 11.67%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. On average, sell-side analysts expect that Pitney Bowes will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Friday.

Pitney Bowes Company Profile

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.