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

Pitney Bowes Inc. (NYSE:PBI) declared a quarterly dividend on Friday, November 8th, RTT News reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.05 per share by the technology company on Tuesday, December 10th. This represents a $0.20 annualized dividend and a yield of 4.03%. The ex-dividend date is Monday, November 18th.

Shares of PBI stock opened at $4.96 on Friday. The firm has a 50-day moving average price of $4.68 and a 200 day moving average price of $4.38. Pitney Bowes has a twelve month low of $3.14 and a twelve month high of $8.56. The company has a market capitalization of $850.82 million, a price-to-earnings ratio of 4.28 and a beta of 1.98. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 101.03.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Tuesday, November 5th. The technology company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Pitney Bowes had a net margin of 1.81% and a return on equity of 167.93%. The firm had revenue of $790.10 million during the quarter, compared to the consensus estimate of $768.46 million. During the same quarter in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts predict that Pitney Bowes will post 0.66 earnings per share for the current year.

Several research analysts recently weighed in on PBI shares. ValuEngine downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. National Securities started coverage on shares of Pitney Bowes in a research note on Thursday, October 24th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Pitney Bowes from a “hold” rating to a “sell” rating and set a $4.75 target price for the company. in a research note on Monday, September 9th. Finally, Maxim Group set a $6.00 target price on shares of Pitney Bowes and gave the company a “buy” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Pitney Bowes currently has an average rating of “Hold” and an average price target of $5.38.

About Pitney Bowes

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Commerce Services; Small & Medium Business Solutions; and Software Solutions. The Commerce Services segment provides cross-border e-commerce solutions, domestic retail and e-commerce shipping solutions, fulfillment, and delivery and return services; and mail sortation services that allow clients to qualify large volumes of first class mail, marketing mail, and bound and packet mail for postal work sharing discounts.

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Dividend History for Pitney Bowes (NYSE:PBI)

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