Benzinga | Nov 13, 2020 10:14AM EST

Ex-Dividend Date Insight: Pitney Bowes

Pitney Bowes (NYSE: PBI) declared a dividend payable on December 8, 2020 to its shareholders as of November 6, 2020. It was also announced that shareholders of Pitney Bowes's stock as of November 17, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Pitney Bowes, which has a current dividend per share of $0.05, has an ex-dividend date scheduled for November 16, 2020. That equates to a dividend yield of 3.43% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Pitney Bowes's Dividend History

Over the past year, Pitney Bowes has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on November 18, 2019 the company's payout was $0.05, which has returned to its value today. Pitney Bowes's dividend yield last year was 3.99%, which has since decreased by 0.56%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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