Pitney Bowes Declares $0.09 Quarterly Dividend
Pitney Bowes Inc approved a regular quarterly dividend of $0.09 per share. The dividend is payable March 30 to shareholders of record February 27.
Pitney Bowes Inc (NYSE: PBI) declared a quarterly cash dividend of $0.09 per share, the company announced following its fourth-quarter earnings release. The Board of Directors approved the regular distribution as part of its ongoing capital return strategy. Read more dividend announcements.
The dividend marks the continuation of the company's quarterly payment program to shareholders.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.09 |
| Record Date | February 27, 2026 |
| Payment Date | March 30, 2026 |
| Frequency | Quarterly |
Capital Allocation Activity
The dividend announcement comes alongside other capital management initiatives. The Board recently expanded the company's share repurchase authorization by $250 million. As of February 13, 2026, Pitney Bowes had $359 million remaining under the repurchase authorization.
During the fourth quarter, the company reduced principal debt by $114 million through a combination of a tender offer for notes maturing in 2037 and 2043, open market repurchases of its Term Loan B and 2027 Notes, and scheduled amortization payments.
Fourth Quarter Financial Performance
Pitney Bowes reported gross margin expansion of 180 basis points in the fourth quarter, driven by cost optimization and a shift toward higher-margin revenue streams. Operating expenses declined $28 million year-over-year due to cost reduction initiatives.
The company's Presort Services segment generated $160 million in revenue during the quarter, down 11% from $180 million in the prior-year period. The decline stemmed from a 10% reduction in volumes due to client losses and market contraction. Total volume sorted reached 3.4 billion pieces of mail in the quarter.
Adjusted segment EBITDA for Presort Services fell to $51 million from $61 million, a 16% decline. For the full year, the segment maintained flat adjusted EBITDA of $202 million despite a 4% revenue decline to $637 million.
Pension Risk Transfer
In the fourth quarter, Pitney Bowes entered into buy-in contracts with insurance carriers to transfer risk associated with approximately $875 million of projected benefit obligations from the company's U.S. Qualified and Canadian Qualified Pension Plans.
2026 Outlook
For the full year 2026, Pitney Bowes projects revenue between $1.76 billion and $1.86 billion. The company expects adjusted EBIT of $410 million to $460 million and adjusted earnings per share of $1.40 to $1.60. Free cash flow is forecast at $340 million to $370 million.