This morning, Pitney Bowes (NYSE:PBI) declared its quarterly dividend of 18.75 cents per share, a decrease of 50% from its prior dividend. Based on the current stock price, investors can expect a yield of about 5.5% going forward. Shares of PBI were sharply lower on Tuesday afternoon, falling 16.4% so far.
In other dividend news, Bank of America (NYSE:BAC) maintained its quarterly dividend of 1 cent per share. Thomson Reuters (NYSE:TRI) maintained its quarterly dividend of 32.5 cents per share. Spectra Energy (NYSE:SE) maintained its quarterly dividend of 30.5 cents per share. And Avon Products (NYSE:AVP) maintained its quarterly dividend of 6 cents per share.
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