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

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders 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 dividend yield of 2.64%. The ex-dividend date is Monday, November 18th.

Pitney Bowes has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 5.8 %

NYSE PBI traded down $0.47 during trading hours on Friday, hitting $7.58. 4,480,828 shares of the company were exchanged, compared to its average volume of 1,531,733. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -5.05, a PEG ratio of 1.50 and a beta of 1.97. The company has a 50 day moving average of $7.03 and a two-hundred day moving average of $6.25. Pitney Bowes has a 52-week low of $3.68 and a 52-week high of $8.80.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Thursday, August 8th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.10. Pitney Bowes had a negative net margin of 8.05% and a negative return on equity of 5.31%. The firm had revenue of $793.17 million for the quarter, compared to analysts' expectations of $771.65 million. During the same quarter last year, the company earned ($0.02) earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Pitney Bowes will post 0.35 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research 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.