Pitney Bowes Inc. (NYSE:PBI – Get Free Report) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be given a dividend of 0.01 per share by the technology company on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 10th.
Pitney Bowes has raised its dividend by an average of 0.1%annually over the last three years and has increased 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. Equities 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 Price Performance
Pitney Bowes stock opened at $17.45 on Friday. Pitney Bowes has a 1 year low of $8.95 and a 1 year high of $19.07. The firm’s 50 day moving average price is $17.54 and its 200-day moving average price is $14.03. The stock has a market cap of $2.39 billion, a P/E ratio of 14.30, a PEG ratio of 0.72 and a beta of 1.63.
Pitney Bowes Company Profile
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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