Pitney Bowes Inc. (PBI) To Go Ex-Dividend on November 20th
Pitney Bowes Inc. (NYSE:PBI) declared a quarterly dividend on Friday, November 10th, RTT News reports. Investors of record on Tuesday, November 21st will be given a dividend of 0.1875 per share by the technology company on Tuesday, December 12th. This represents a $0.75 annualized dividend and a yield of 7.76%. The ex-dividend date of this dividend is Monday, November 20th.
Pitney Bowes has decreased its dividend by an average of 7.2% per year over the last three years. Pitney Bowes has a payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pitney Bowes to earn $1.47 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 51.0%.
Pitney Bowes (NYSE PBI) opened at $9.67 on Wednesday. The firm has a market cap of $1,871.02, a price-to-earnings ratio of 6.46 and a beta of 1.25. Pitney Bowes has a 52 week low of $9.63 and a 52 week high of $16.60. The company has a debt-to-equity ratio of 35.49, a quick ratio of 1.37 and a current ratio of 1.42.
Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.10). The company had revenue of $842.82 million for the quarter, compared to analysts’ expectations of $837.60 million. Pitney Bowes had a net margin of 2.64% and a negative return on equity of 5,297.85%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. equities analysts predict that Pitney Bowes will post 1.38 EPS for the current fiscal year.
Several equities analysts have commented on PBI shares. Cross Research lowered shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub lowered shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Loop Capital lowered their price objective on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Pitney Bowes currently has a consensus rating of “Hold” and an average target price of $14.50.
About Pitney Bowes
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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