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Pitney Bowes said on February 6, 2023 that its board of directors declared a regular
quarterly dividend of $0.05 per share ($0.20 annualized).
Shareholders of record as of February 16, 2023
will receive the payment on March 14, 2023.
Previously, the company paid $0.05 per share.
At the current share price of $4.39 / share,
the stock’s dividend yield is 4.56%.
Looking back five years and taking a sample every week, the average dividend yield has been
5.32%,
the lowest has been 1.85%,
and the highest has been 13.25%.
The standard deviation of yields is 2.62 (n=237).
The current dividend yield is
0.29 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.94.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
Analyst Price Forecast Suggests 10.36% Upside
As of February 8, 2023,
the average one-year price target for Pitney Bowes is $4.84.
The forecasts range from a low of $3.54 to a high of $6.30.
The average price target represents an increase of 10.36% from its latest reported closing price of $4.39.
The projected annual revenue for Pitney Bowes
is $3,638MM, an increase of 2.83%.
The projected annual EPS
is $0.31, an increase of 49.10%.
Fund Sentiment
There are 496 funds or institutions reporting positions in Pitney Bowes.
This is a decrease
of
16
owner(s) or 3.12%.
Average portfolio weight of all funds dedicated to US:PBI is 0.0607%,
a decrease
of 16.3073%.
Total shares owned by institutions decreased
in the last three months by 5.06% to 123,819K shares.
What are large shareholders doing?
IJR – iShares Core S&P Small-Cap ETF
holds 7,894,604 shares
representing 4.54% ownership of the company.
No change in the last quarter.
Goldman Sachs Group
holds 5,111,333 shares
representing 2.94% ownership of the company.
In it’s prior filing, the firm reported owning 5,986,689 shares, representing
a decrease
of 17.13%.
The firm
decreased
its portfolio allocation in PBI by 43.78% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 4,751,486 shares
representing 2.73% ownership of the company.
In it’s prior filing, the firm reported owning 4,633,489 shares, representing
an increase
of 2.48%.
The firm
decreased
its portfolio allocation in PBI by 31.20% over the last quarter.
D. E. Shaw &
holds 4,326,555 shares
representing 2.49% ownership of the company.
In it’s prior filing, the firm reported owning 3,354,787 shares, representing
an increase
of 22.46%.
The firm
decreased
its portfolio allocation in PBI by 15.43% over the last quarter.
Charles Schwab Investment Management
holds 4,096,587 shares
representing 2.35% ownership of the company.
In it’s prior filing, the firm reported owning 3,587,519 shares, representing
an increase
of 12.43%.
The firm
decreased
its portfolio allocation in PBI by 24.35% over the last quarter.
Pitney Bowes Background Information
(This description is provided by the company.)
Pitney Bowes is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; and financing. For 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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