Server: Microsoft-IIS/3.0 Date: Fri, 21 Nov 1997 04:16:36 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Mon, 10 Nov 1997 16:08:32 GMT Content-Length: 5095
|
|
|
Pitney Bowes Declares Common, Preference And Preferred Stock Dividends Stamford, Conn., November 10, 1997 -- Today, the board of directors of Pitney Bowes Inc. (NYSE: PBI) declared a quarterly cash dividend on the company's common stock of 40 cents per share, payable on December 12, 1997, to stockholders of record November 26, 1997. The directors also declared a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable, January 1, 1998, to stockholders of record December 17, 1997, and a quarterly cash dividend of 50 cents per share on the company's 4% convertible cumulative preferred stock, payable February 1, 1998, to stockholders of record January 16, 1998. Pitney Bowes has paid a dividend on common stock each year since 1934, with the 16 percent increase in 1997 marking the company’s fifteenth consecutive year of double-digit dividend increases.
|
|