Dividend Change: -50%
Perhaps the only thing keeping new investors in Pitney Bowes (PBI) stock amid years of decline was a dividend yield that kept getting juicier. However, some of the air came out of those sails back in late April with a 50% cut to the payout, from 37.5 cents per share per quarter to 18.75 cents, that accompanied a pretty lackluster first-quarter report.
While Pitney Bowes’ stock actually remains up 40% year-to-date, PBI is down 6% since declaring its dividend cut. Now, investors get to wait for Q2 numbers and hope for better news.