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

Pitney Bowes Inc. (NYSE:PBI) declared a quarterly dividend on Friday, November 8th, RTT News reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.05 per share by the technology company on Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.93%.

Shares of NYSE:PBI traded up $0.08 during trading hours on Friday, hitting $5.09. 1,417,756 shares of the company’s stock traded hands, compared to its average volume of 2,319,105. Pitney Bowes has a 1 year low of $3.14 and a 1 year high of $8.56. The business has a fifty day moving average price of $4.60 and a 200-day moving average price of $4.46. The firm has a market capitalization of $902.35 million, a P/E ratio of 4.39 and a beta of 1.98. The company has a debt-to-equity ratio of 101.03, a current ratio of 1.12 and a quick ratio of 1.19.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $790.10 million during the quarter, compared to the consensus estimate of $768.46 million. Pitney Bowes had a net margin of 1.81% and a return on equity of 167.93%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, equities analysts predict that Pitney Bowes will post 0.66 earnings per share for the current year.

PBI has been the topic of several analyst reports. Maxim Group set a $6.00 price target on Pitney Bowes and gave the company a “buy” rating in a report on Monday, August 26th. National Securities initiated coverage on Pitney Bowes in a report on Thursday, October 24th. They set a “buy” rating on the stock. ValuEngine downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research downgraded Pitney Bowes from a “hold” rating to a “sell” rating and set a $4.75 price target on the stock. in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.38.

About Pitney Bowes

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Commerce Services; Small & Medium Business Solutions; and Software Solutions. The Commerce Services segment provides cross-border e-commerce solutions, domestic retail and e-commerce shipping solutions, fulfillment, and delivery and return services; and mail sortation services that allow clients to qualify large volumes of first class mail, marketing mail, and bound and packet mail for postal work sharing discounts.

Further Reading: What are some reasons analysts would give stocks a buy rating?

Dividend History for Pitney Bowes (NYSE:PBI)

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