Pitney Bowes Inc. Announces Quarterly Dividend of $0.01 (NYSE:PBI)

Pitney Bowes Inc. (NYSE:PBI) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be given a dividend of 0.01 per share by the technology company on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 10th.

Pitney Bowes has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Pitney Bowes has a payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pitney Bowes to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 22.7%.

Pitney Bowes Stock Down 1.1%

PBI opened at $17.64 on Thursday. The company has a market cap of $2.39 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.80 and a beta of 1.62. Pitney Bowes has a 52-week low of $8.95 and a 52-week high of $18.77. The company has a 50 day moving average of $17.21 and a two-hundred day moving average of $13.69.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The business had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Research analysts anticipate that Pitney Bowes will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PBI shares. The Goldman Sachs Group set a $15.20 price objective on Pitney Bowes in a research report on Friday, May 8th. Weiss Ratings raised Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Truist Financial lifted their price target on shares of Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and upped their target price for the company from $9.50 to $16.50 in a research note on Monday, May 11th. Finally, Zacks Research cut shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold 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 $16.43.

About Pitney Bowes

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.