Pitney Bowes Raises Quarterly Dividend to 10 Cents

Pitney Bowes Inc. (PBI) raised its quarterly dividend to $0.10 a share from $0.09, an 11.11% increase, with the stock trading ex-dividend on May 18, 2026.

The new payout implies an annual dividend of $0.40 a share. Based on the locked share price of $16.78, the forward annual yield is 2.38%.

Company Context

Pitney Bowes is an industrials company best known for shipping, mailing and mail-processing services. The dividend increase comes as the company continues to reshape itself around its Presort and SendTech businesses after exiting a troubled global e-commerce operation, according to CT Insider reporting on the company’s recent leadership transition and restructuring.

That same report said Pitney Bowes appointed Kurt Wolf as chief executive after several management changes, and that the company planned a strategic review focused on capital allocation and operations. The article also noted the company had been dealing with losses tied partly to discontinued operations and had reduced staffing as part of a cost-reduction program.

For a legacy business-services company, the dividend action is notable because it signals continued board support for cash returns even while management is working through a narrower business mix. The increase also extends Pitney Bowes’ consecutive dividend-growth streak to six years. The company previously cut its dividend in 2019, making the current streak a recovery period rather than an uninterrupted long-term aristocrat-style record.

What It Means For Income Investors

For income-focused holders, the key change is straightforward: the quarterly cash payment rises to $0.10 a share, lifting the annualized dividend to $0.40. The forward yield of 2.38% is modest relative to many high-yield income stocks, but the increase adds another year to the company’s post-cut dividend-growth record.

SmarterDividends assigns Pitney Bowes a dividend safety score of 77 out of 100, equal to a B grade. That score suggests the payout is supported but still worth monitoring, particularly given the company’s recent restructuring and the fact that its dividend history includes a prior cut. The central question for dividend investors is whether the streamlined Presort and SendTech focus can keep supporting consistent cash returns while the company completes its strategic review.