Pitney Bowes Inc. (NYSE:PBI – Get Free Report) declared a quarterly dividend on Monday, February 16th. Shareholders of record on Friday, February 27th will be given a dividend of 0.09 per share by the technology company on Monday, March 30th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 27th.
Pitney Bowes has a payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pitney Bowes to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 27.5%.
Pitney Bowes Price Performance
Shares of Pitney Bowes stock opened at $11.51 on Wednesday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 0.48 and a beta of 1.41. The stock’s 50-day moving average is $10.42 and its 200-day moving average is $10.75. Pitney Bowes has a one year low of $7.39 and a one year high of $13.11.
Analyst Ratings Changes
A number of analysts have commented on PBI shares. Citigroup began coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a report on Monday, December 29th. Truist Financial started coverage on Pitney Bowes in a research note on Friday, December 12th. They issued a “hold” rating and a $11.00 price objective on the stock. Citizens Jmp reiterated a “market outperform” rating and set a $13.00 target price on shares of Pitney Bowes in a research note on Wednesday. Finally, Bank of America assumed coverage on Pitney Bowes in a research note on Tuesday. They issued an “underperform” rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.00.
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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