Is Pitney Bowes First Class?
Pitney Bowes is one of the most shareholder-friendly firms in business. This integrated mail and document-management systems company has returned an average of 48% of free cash flow to investors over the last seven years, whether through dividends or stock buybacks. And right now PBI is paying out a 6% dividend yield, which they raised Thursday night after reporting a strong fourth quarter.
The quarter was good news for both the company and investors, as PBI took a hit last fall once its growth started to slow. But Cramer wondered if the turn was real. So he invited Chairman, CEO and President Murray Martin on to the show to find out. Watch the video for more about prioritizing shareholders, the company’s growth prospects, exposure to financial services and more.
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