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

Pitney Bowes Inc. (NYSE:PBIGet 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 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Wednesday, May 22nd.

Pitney Bowes has a payout ratio of 125.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Performance

Pitney Bowes stock opened at $5.28 on Tuesday. The business has a 50 day simple moving average of $4.45 and a 200-day simple moving average of $4.23. Pitney Bowes has a 12 month low of $2.80 and a 12 month high of $5.78.

Pitney Bowes (NYSE:PBIGet Free Report) last announced its earnings results on Thursday, May 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $797.00 million. During the same quarter last year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Pitney Bowes will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th.

View Our Latest Analysis on PBI

About Pitney Bowes

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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.

Further Reading

Dividend History for Pitney Bowes (NYSE:PBI)

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