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

Pitney Bowes Inc. (NYSE:PBI) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.05 per share by the technology company on Friday, December 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, November 18th.

Pitney Bowes has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pitney Bowes to earn $0.98 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 20.4%.

Pitney Bowes Price Performance

PBI stock traded down $0.47 during mid-day trading on Friday, reaching $7.58. The company had a trading volume of 4,478,431 shares, compared to its average volume of 1,744,856. The company has a market capitalization of $1.36 billion, a PE ratio of -3.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.97. The firm has a 50 day moving average of $7.02 and a 200 day moving average of $6.21. Pitney Bowes has a 12 month low of $3.68 and a 12 month high of $8.80.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10. Pitney Bowes had a negative net margin of 8.05% and a negative return on equity of 5.31%. The firm had revenue of $793.17 million for the quarter, compared to analyst estimates of $771.65 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Pitney Bowes will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st.

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.