Pitney Bowes Inc. (PBI) To Go Ex-Dividend on May 18th

Pitney Bowes Inc. (NYSE:PBI) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, May 18th will be given 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 of this dividend is Monday, May 18th.

Pitney Bowes has raised its dividend 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 31.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pitney Bowes to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 22.7%.

Pitney Bowes Stock Performance

NYSE PBI opened at $15.73 on Friday. The company has a market cap of $2.13 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.71 and a beta of 1.64. The business’s 50 day moving average price is $12.52 and its 200-day moving average price is $11.04. Pitney Bowes has a fifty-two week low of $8.95 and a fifty-two week high of $16.52.

Pitney Bowes (NYSE:PBI) last released its earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $477.41 million for the quarter, compared to the consensus estimate of $471.83 million. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, equities analysts predict that Pitney Bowes will post 1.62 EPS for the current year.

Insiders Place Their Bets

In other Pitney Bowes news, Director Brent D. Rosenthal acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $10.22 per share, for a total transaction of $40,880.00. Following the acquisition, the director directly owned 9,000 shares in the company, valued at $91,980. The trade was a 80.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kurt James Wolf sold 966,561 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $14.58, for a total value of $14,092,459.38. Following the transaction, the chief executive officer owned 452,628 shares of the company’s stock, valued at approximately $6,599,316.24. The trade was a 68.11% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,456,054 shares of company stock valued at $34,864,180. 6.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pitney Bowes

A number of large investors have recently bought and sold shares of PBI. Royal Bank of Canada boosted its holdings in Pitney Bowes by 133.1% during the 1st quarter. Royal Bank of Canada now owns 52,958 shares of the technology company’s stock valued at $478,000 after acquiring an additional 30,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Pitney Bowes by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company’s stock valued at $882,000 after acquiring an additional 5,149 shares during the period. United Services Automobile Association purchased a new position in Pitney Bowes during the 1st quarter valued at $96,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Pitney Bowes by 18.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,488 shares of the technology company’s stock valued at $4,258,000 after acquiring an additional 72,437 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in shares of Pitney Bowes by 15.5% in the 1st quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company’s stock worth $1,768,000 after buying an additional 26,260 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

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.