Pitney Bowes Board Declares Common, Preference and Preferred Stock Dividends
STAMFORD, Conn., April 30, 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.
About Pitney Bowes
Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Many of the company’s solutions are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes includes direct mail, transactional mail and call center communications in its solution mix along with digital channel messaging for the Web, email and mobile applications. Pitney Bowes has approximately USD$5 billion in annual revenues and 27,000 employees worldwide. Pitney Bowes: Every connection is a new opportunity™. www.pb.com.