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

Pitney Bowes Inc. (NYSE:PBI) declared a quarterly dividend on Friday, November 8th, RTT News reports. Investors 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 annualized dividend and a dividend yield of 3.93%.

Shares of NYSE:PBI traded up $0.08 during mid-day trading on Friday, hitting $5.09. 1,417,756 shares of the company traded hands, compared to its average volume of 2,319,105. The stock has a market cap of $902.35 million, a P/E ratio of 4.39 and a beta of 1.98. The company has a current ratio of 1.12, a quick ratio of 1.19 and a debt-to-equity ratio of 101.03. Pitney Bowes has a 12-month low of $3.14 and a 12-month high of $8.56. The stock has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $4.46.

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

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

Pitney Bowes Company Profile

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.

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