5 Dividend Aristocrats That Slashed Their Dividends

2. Pitney Bowes Inc. (NYSE:PBI)

Date Removed from S&P Dividend Aristocrats: 2013

Pitney Bowes Inc. (NYSE:PBI) is an American tech company that specializes in providing various products and services related to mail and document management, logistics, and e-commerce solutions. The company grew its dividends for 31 consecutive years, a streak that was broken in 2013. It offers a quarterly dividend of $0.05 per share and has a dividend yield of 4.80%, as of January 15. It is among dividend aristocrats that slashed their dividends.

At the end of September 2023, 15 hedge funds in Insider Monkey’s database reported having stakes in Pitney Bowes Inc. (NYSE:PBI), compared with 17 in the preceding quarter. The overall value of these stakes is nearly $17 million.

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