Alan Brochstein, CFA
Contrarian, growth at reasonable price, management change, cannabis stocks

Don't Expect Pitney Bowes To Slash Its Double-Digit Dividend Yield

After two nasty dividend cuts on S&P 500 stocks earlier this year, it's not surprising that investors are questioning the likelihood of Pitney Bowes (NYSE:PBI), which offers the 2nd-highest yield in the S&P 500 at 10.5%, sustaining this generous payout. While the CenturyLink (NYSE:CTL) and Cliffs Natural Resources (NYSE:CLF) reductions announced on February 13th were surprises that led to sharp declines in their stocks, there has been significant discussion about PBI already. Adding fuel to the fire regarding a potential reduction, the company skipped raising it in January, breaking from its historical practice in recent years. I believe that the recent pullback reflects nervousness regarding this issue, as the company will be reporting Q1...

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