Pitney Bowes Inc. (PBI) Announces $0.19 Quarterly Dividend
Pitney Bowes Inc. (NYSE:PBI) announced a quarterly dividend on Monday, February 5th, RTT News reports. Stockholders of record on Friday, February 16th will be given a dividend of 0.1875 per share by the technology company on Monday, March 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Thursday, February 15th.
Pitney Bowes has a dividend payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Pitney Bowes to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 50.0%.
Shares of Pitney Bowes (PBI) opened at $12.26 on Wednesday. Pitney Bowes has a fifty-two week low of $9.50 and a fifty-two week high of $16.25. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 18.34. The stock has a market cap of $2,296.76, a price-to-earnings ratio of 8.76 and a beta of 1.05.
A number of research firms have recently issued reports on PBI. Zacks Investment Research downgraded shares of Pitney Bowes from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. Loop Capital dropped their price objective on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.50.
Pitney Bowes Company Profile
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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