13 Best Dividend Stocks to Buy Under $25

7. Pitney Bowes Inc. (NYSE:PBI)

Number of Hedge Fund Holders: 34

Share Price as of the Close of June 18: $17.50

On June 5, Citizens raised its price recommendation on Pitney Bowes Inc. (NYSE:PBI) to $19 from $17. It reiterated an Outperform rating on the shares. The firm said the increase reflects a “number of positive developments” since the company’s earnings call on May 6. In a research note, the analyst highlighted Fitch’s decision on May 13 to initiate coverage of Pitney Bowes’ debt with a BB- rating. That rating is one notch higher than those assigned by the other major ratings agencies.

Citizens believes the higher rating could help lower the company’s cost of capital over time. The firm also noted that Pitney Bowes extended the maturity of its term loan. At the same time, the US Postal Service proposed changes for presorted mail, including a 6.3% increase in the gap between five-digit volume pricing available to presort vendors such as Pitney Bowes and the three-digit spreads that some customers can achieve on their own.

Pitney Bowes Inc. (NYSE:PBI) is a technology-driven company that provides SaaS shipping solutions, mailing technology, and financial services to customers worldwide.