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

Pitney Bowes Inc. (NYSE:PBI) declared a quarterly dividend on Thursday, August 8th, RTT News reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.05 per share by the technology company on Friday, September 6th. This represents a $0.20 annualized dividend and a yield of 2.75%. The ex-dividend date is Thursday, August 22nd.

Pitney Bowes has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 3.0 %

Shares of NYSE:PBI opened at $7.27 on Wednesday. The company has a market cap of $1.30 billion, a P/E ratio of -3.35, a P/E/G ratio of 1.35 and a beta of 1.99. The business has a fifty day simple moving average of $6.14 and a 200-day simple moving average of $5.05. Pitney Bowes has a 52 week low of $2.80 and a 52 week high of $7.70.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.10. Pitney Bowes had a negative return on equity of 5.31% and a negative net margin of 8.05%. The company had revenue of $793.17 million during the quarter, compared to analysts’ expectations of $771.65 million. During the same quarter in the previous year, the business earned ($0.02) EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that Pitney Bowes will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.