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.


Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.