Wednesday Is Your Last Chance To Buy Pitney Bowes Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Pitney Bowes (NYSE:PBI) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning PBI stock by the end of Wednesday are eligible for the dividend, payable on March 14, 2024.
February 05, 2024 | 2:45 pm
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NEUTRAL IMPACT
Pitney Bowes announces a quarterly dividend of 5 cents per share, with eligibility for shareholders owning the stock by Wednesday's close. The dividend is payable on March 14, 2024.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term. However, since the dividend amount is relatively small and the stock price will adjust down by the dividend amount on the ex-dividend date, the overall impact is expected to be neutral. Investors interested in dividends may view this positively, but the adjustment in stock price mitigates any significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100