Pitney Bowes Inc. (NYSE:PBI) to Issue $0.01 Quarterly Dividend

Pitney Bowes Inc. (NYSE:PBI) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Monday, May 18th will be paid a dividend of 0.01 per share by the technology company on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, May 18th.

Pitney Bowes has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Pitney Bowes has a dividend payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pitney Bowes to earn $1.56 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 23.1%.

Pitney Bowes Price Performance

Shares of Pitney Bowes stock opened at $15.54 on Wednesday. The firm has a fifty day moving average price of $11.74 and a 200 day moving average price of $10.81. Pitney Bowes has a 1 year low of $8.81 and a 1 year high of $15.95. The stock has a market cap of $2.23 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.98 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $477.00 million during the quarter, compared to analysts’ expectations of $471.83 million. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. As a group, equities analysts expect that Pitney Bowes will post 1.58 EPS for the current year.

Insider Activity at Pitney Bowes

In related news, Director Brent D. Rosenthal acquired 4,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $10.22 per share, for a total transaction of $40,880.00. Following the acquisition, the director owned 9,000 shares in the company, valued at $91,980. The trade was a 80.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kurt James Wolf sold 160,289 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $11.06, for a total transaction of $1,772,796.34. Following the completion of the transaction, the chief executive officer owned 543,211 shares in the company, valued at approximately $6,007,913.66. This represents a 22.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 503,108 shares of company stock worth $5,355,063. Company insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Pitney Bowes

Large investors have recently made changes to their positions in the stock. Longview Financial Advisors Inc. acquired a new position in shares of Pitney Bowes in the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after acquiring an additional 2,459 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Pitney Bowes in the 2nd quarter worth approximately $51,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

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.