Pitney Bowes Keeps a Steady Dividend

Mail solutions provider Pitney Bowes (NYSE: PBI  ) announced plans Monday to keep its quarterly dividend steady at the amount of $0.1875 per share of common stock. Pitney Bowes' annualized dividend amounts to $0.75 per share of common stock, yielding 5.1% on Monday's closing price.

The company's quarterly dividend has been $0.1875 per share since last quarter, when the Board of Directors approved a reduced dividend from its previous $0.375 per share. The latest dividend will be payable Sept. 12 to shareholders of record on Aug. 9.

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