Business News

Pitney Bowes Board Declares Common, Preference and Preferred Stock Dividends

Wednesday 08. May 2013 - In connection with the ongoing management of the Company's capital structure, The Board of Directors of Pitney Bowes Inc. (NYSE: PBI) approved a reduced second quarter dividend of 18.75 cents per share for the Company's common stock.

The quarterly cash dividend is payable June 12, 2013, to stockholders of record on May 10, 2013. This action will provide the Company the added financial flexibility to invest in its business and enhance its capital structure, while continuing to provide a very competitive return to shareholders.
The Company’s Board of Directors also declared a quarterly cash dividend of 53 cents per share on the company’s $2.12 convertible preference stock, payable July 1, 2013, to stockholders of record June 14, 2013, and a quarterly cash dividend of 50 cents per share on the company’s 4 percent convertible cumulative preferred stock, payable August 1, 2013, to stockholders of record July 15, 2013.