SmarterDividends
PBI

Pitney Bowes Inc.

PBI

Industrials · Integrated Freight & Logistics · Stock · quarterly payer

$17.44

Overvalued · -22% Add to Portfolio

Forward Yield

2.31%

Annual Dividend

$0.40

Payout Ratio

29%

5-Yr Growth

8.4%

Ex-Date

Aug 10, 2026

Frequency

Quarterly

Key facts about PBI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 29, 2026, Pitney Bowes Inc. (PBI) has a forward dividend yield of 2.31%, based on an annual dividend of $0.40 per share and a share price of $17.44.
  • As of Oct 29, 2026, PBI's dividend safety grade from SmarterDividends is B (79 out of 100), which rates the dividend as safe.
  • PBI last cut its regular dividend in 2019.
  • PBI's most recent ex-dividend date was Aug 10, 2026, for a dividend of $0.10 per share.
  • As of Oct 29, 2026, PBI pays out 29% of its trailing 12-month earnings as dividends (its payout ratio).
  • PBI's dividend has grown at an average rate of 8.4% a year over the past five years.
  • As of Oct 29, 2026, PBI's 2.31% yield is 40% below its five-year average yield of 3.82%.
  • As of Oct 29, 2026, SmarterDividends' blended fair-value estimate for PBI is $13.64 per share, 22% below the $17.44 share price, so PBI screens as overvalued.
  • Pitney Bowes Inc. (PBI) pays its dividend quarterly, 4 times a year.
  • Pitney Bowes Inc. (PBI) has raised its regular dividend 42 times and cut it 3 times across the 217 payments on record since 1972. Its most recent change was a 11.1% increase to $0.100 per share, going ex-dividend on May 18, 2026. The last cut went ex-dividend on Feb 14, 2019.
Cite this page

SmarterDividends, "PBI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 29, 2026, https://smarterdividends.com/stocks/PBI

Summary

As of Oct 29, 2026, Pitney Bowes Inc. (PBI) yields 2.31% ($0.40 a year per share) and has a dividend safety grade of B (79/100).

Is PBI a good dividend stock?

Yes

Pitney Bowes Inc. (PBI) pays a quarterly dividend yielding 2.31% ($0.40/yr), with 1 year of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (29%)
  • Strong 8.4% 5-yr dividend growth
  • 154% total price return over 5 years

Risks

  • Cut its dividend in 2019

Key Data

Dividend Yield
2.31%
Payout Ratio
29%
Annual Dividend
$0.40
5-Yr Avg Growth
8.4%
Ex-Dividend Date
Aug 10, 2026
Years of Growth
1
Frequency
quarterly
Beta
1.65
Market Cap
$2.4B
P/E Ratio
14.2
5-Yr Total Return
154%
52-Week Range
$8.95 – $19.07
Dividend Safety
B · 79/100
Ever Cut?
Yes (2019)

PBI dividend raises and cuts

Pitney Bowes Inc. (PBI) has raised its regular dividend 42 times and cut it 3 times across the 217 payments on record since 1972. Its most recent change was a 11.1% increase to $0.100 per share, going ex-dividend on May 18, 2026. The last cut went ex-dividend on Feb 14, 2019.

Ex-dateChangeOld → newMove
May 18, 2026Raise$0.0900 → $0.100+11.1%
Nov 10, 2025Raise$0.0800 → $0.0900+12.5%
Aug 11, 2025Raise$0.0700 → $0.0800+14.3%
May 19, 2025Raise$0.0600 → $0.0700+16.7%
Feb 21, 2025Raise$0.0500 → $0.0600+20.0%
Feb 14, 2019Cut$0.188 → $0.0500−73.4%
May 8, 2013Cut$0.375 → $0.188−49.9%
Feb 15, 2012Raise$0.370 → $0.375+1.4%
Feb 16, 2011Raise$0.365 → $0.370+1.4%
Feb 17, 2010Raise$0.360 → $0.365+1.4%
Feb 18, 2009Raise$0.350 → $0.360+2.9%
Feb 13, 2008Raise$0.330 → $0.350+6.1%
Show all 45 changes since 1974
Ex-dateChangeOld → newMove
Feb 14, 2007Raise$0.320 → $0.330+3.1%
Feb 15, 2006Raise$0.310 → $0.320+3.2%
Feb 16, 2005Raise$0.305 → $0.310+1.6%
Feb 18, 2004Raise$0.300 → $0.305+1.7%
Feb 19, 2003Raise$0.295 → $0.300+1.7%
Feb 20, 2002Raise$0.290 → $0.295+1.7%
Feb 22, 2001Raise$0.285 → $0.290+1.8%
Feb 23, 2000Raise$0.255 → $0.285+11.8%
Feb 23, 1999Raise$0.225 → $0.255+13.3%
Feb 23, 1998Raise$0.200 → $0.225+12.5%
Feb 21, 1997Raise$0.173 → $0.200+15.9%
Feb 22, 1996Raise$0.150 → $0.173+15.0%
Feb 17, 1995Raise$0.130 → $0.150+15.4%
Feb 18, 1994Raise$0.113 → $0.130+15.6%
Feb 19, 1993Raise$0.0975 → $0.113+15.4%
Feb 20, 1992Raise$0.0850 → $0.0975+14.7%
Feb 19, 1991Raise$0.0750 → $0.0850+13.3%
Feb 16, 1990Raise$0.0650 → $0.0750+15.4%
Feb 17, 1989Raise$0.0575 → $0.0650+13.0%
Feb 22, 1988Raise$0.0475 → $0.0575+21.1%
Feb 23, 1987Raise$0.0413 → $0.0475+15.2%
Feb 24, 1986Raise$0.0375 → $0.0413+10.0%
Feb 22, 1985Raise$0.0325 → $0.0375+15.4%
Feb 22, 1984Raise$0.0288 → $0.0325+13.0%
May 4, 1983Raise$0.0250 → $0.0288+15.0%
Nov 21, 1980Raise$0.0219 → $0.0250+14.3%
Nov 21, 1979Raise$0.0188 → $0.0219+16.7%
Nov 21, 1978Raise$0.0156 → $0.0188+20.0%
Nov 21, 1977Raise$0.0125 → $0.0156+25.0%
Feb 22, 1977Raise$0.0106 → $0.0125+17.6%
Feb 23, 1976Raise$0.0094 → $0.0106+13.3%
Aug 22, 1974Raise$0.0063 → $0.0094+50.0%
Feb 22, 1974Cut$0.0106 → $0.0063−41.2%
Every PBI payment →Download every raise and cut (CSV)
PBI ex-dividend date & scheduleNext ex-date Aug 10, 2026 · full ex-dividend historyView →PBI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PBI a good dividend stock?

Yes. Pitney Bowes Inc. (PBI) pays a quarterly dividend yielding 2.31% ($0.40/yr), with 1 year of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is PBI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PBI's fair value is about $13.64 versus a $17.44 share price — so it looks overvalued (-22% vs. fair value).

Is PBI's dividend safe?

PBI has a dividend-safety grade of B (79/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2019, debt and yield-versus-history.

What is PBI's fair value?

Our blended fair-value estimate for PBI is about $13.64 per share, about 22% below the current $17.44 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PBI a buy, hold, or sell?

We don't issue formal ratings, but on the data PBI screens as "yes" and overvalued. Pitney Bowes Inc. (PBI) pays a quarterly dividend yielding 2.31% ($0.40/yr), with 1 year of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will PBI cut its dividend?

PBI earns a dividend-safety grade of B (79/100), and has cut its dividend before (last in 2019). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PBI pay a dividend?

Yes. Pitney Bowes Inc. pays a quarterly dividend of about $0.40 per share annually, a forward yield of roughly 2.31%.

What is PBI's dividend yield?

As of Oct 29, 2026, PBI's forward dividend yield is 2.31%, based on a $0.40 annual dividend and a $17.44 share price.

What is PBI's dividend per share?

As of Oct 29, 2026, PBI pays $0.40 per share per year, distributed on a quarterly basis.

What is PBI's dividend payout ratio?

As of Oct 29, 2026, PBI's payout ratio is 29% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has PBI grown its dividend?

As of Oct 29, 2026, PBI has increased its dividend for 1 consecutive years.

When is the next PBI ex-dividend date?

As of Oct 29, 2026, PBI's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $0.10 per share.

PBI Dividend News

PBI
IncreasePBI·Jun 11, 2026

Pitney Bowes Raises Quarterly Dividend 11.1% to $0.10

Pitney Bowes lifted its quarterly dividend 11.1% to $0.10 as stronger earnings, cash flow and debt reduction supported the higher payout rate.

Income Calculator

At $0.40 / yr per share

Per payment (quarterly)$10.00
Annual$40.00
Monthly avg$3.33

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