Pitney Bowes (PBI) Declares $0.05 Dividend

Pitney Bowes said on May 4, 2023 that its board of directors declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Previously, the company paid $0.05 per share.

Shares must be purchased before the ex-div date of May 19, 2023 to qualify for the dividend. Shareholders of record as of May 22, 2023 will receive the payment on June 8, 2023.

At the current share price of $2.89 / share, the stock's dividend yield is 6.92%.

Looking back five years and taking a sample every week, the average dividend yield has been 5.26%, the lowest has been 1.85%, and the highest has been 13.25%. The standard deviation of yields is 2.60 (n=237).

The current dividend yield is 0.64 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 4.18. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

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What is the Fund Sentiment?

There are 481 funds or institutions reporting positions in Pitney Bowes. This is a decrease of 14 owner(s) or 2.83% in the last quarter. Average portfolio weight of all funds dedicated to PBI is 0.10%, an increase of 65.87%. Total shares owned by institutions decreased in the last three months by 4.13% to 119,873K shares. The put/call ratio of PBI is 0.61, indicating a bullish outlook.

Analyst Price Forecast Suggests 87.94% Upside

As of April 24, 2023, the average one-year price target for Pitney Bowes is 5.43. The forecasts range from a low of 4.70 to a high of $6.30. The average price target represents an increase of 87.94% from its latest reported closing price of 2.89.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Pitney Bowes is 3,638MM, an increase of 5.58%. The projected annual non-GAAP EPS is 0.31.

What are Other Shareholders Doing?

IJR - iShares Core S&P Small-Cap ETF holds 7,895K shares representing 4.50% ownership of the company. No change in the last quarter.

Goldman Sachs Group holds 4,868K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 5,111K shares, representing a decrease of 5.00%. The firm increased its portfolio allocation in PBI by 50.39% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,751K shares representing 2.71% ownership of the company. No change in the last quarter.

Charles Schwab Investment Management holds 4,392K shares representing 2.51% ownership of the company. In it's prior filing, the firm reported owning 4,097K shares, representing an increase of 6.73%. The firm increased its portfolio allocation in PBI by 57.35% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,035K shares representing 2.30% ownership of the company. In it's prior filing, the firm reported owning 3,970K shares, representing an increase of 1.61%. The firm increased its portfolio allocation in PBI by 53.45% over the last quarter.

Pitney Bowes Background Information
(This description is provided by the company.)

Pitney Bowes is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; and financing. For 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right.

This story originally appeared on Fintel.