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

Pitney Bowes Inc. (NYSE:PBI) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors 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 yield of 2.76%. The ex-dividend date is Monday, November 18th.

Pitney Bowes has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pitney Bowes to earn $1.05 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 19.0%.

Pitney Bowes Stock Performance

Shares of Pitney Bowes stock opened at $7.25 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of -3.33, a P/E/G ratio of 1.31 and a beta of 1.97. Pitney Bowes has a 52-week low of $3.68 and a 52-week high of $8.80. The stock’s 50-day simple moving average is $7.09 and its 200 day simple moving average is $6.33.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $499.46 million for the quarter, compared to analyst estimates of $467.80 million. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. Equities research analysts forecast that Pitney Bowes will post 0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Pitney Bowes from a “strong-buy” rating to a “buy” rating in a 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.