Pitney Bowes 2009 Annual Report Download - page 26

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8
PART II
ITEM 5. – MARKET FOR THE COMPANY’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Pitney Bowes common stock is traded under the symbol “PBI”. The principal market is the New York Stock Exchange (NYSE). Our
stock is also traded on the Boston, Chicago, Philadelphia, Pacific and Cincinnati stock exchanges. At January 31, 2010, we had
22,505 common stockholders of record.
On February 3, 2010, our Board of Directors authorized a half-cent increase in our quarterly common stock dividend to $0.365 per
share, marking the 28th consecutive year that we have increased the dividend on our common stock. This represents a one percent
increase and applies to the common stock dividend with a record date of February 19, 2010.
See Equity Compensation Plan Information Table in Item 12 of this Form 10-K for information regarding securities for issuance under
our equity compensation plans.
Stock Information
Dividends per common share:
Quarter 2009 2008
First $ 0.36 $0.35
Second 0.36 0.35
Third 0.36 0.35
Fourth 0.36 0.35
Total $ 1.44 $1.40
Quarterly price ranges of common stock as reported on the NYSE:
2009 2008
Quarter High Low High Low
First $ 27.46 $17.62 $38.35 $32.64
Second $ 26.25 $20.71 $39.39 $33.56
Third $ 25.57 $20.38 $39.98 $31.20
Fourth $ 26.41 $22.44 $33.44 $20.83
Share Repurchases
We periodically repurchase shares of our common stock under a systematic program to manage the dilution created by shares issued
under employee stock plans and for other purposes. This program authorizes repurchases in the open market. We did not repurchase
or acquire any shares of our common stock during 2009 in any other manner.
In March 2007, our Board of Directors authorized $300 million for repurchases of outstanding shares of our common stock in the open
market. In November 2007, our Board of Directors increased this share repurchase authorization by $365.4 million. We repurchased
6.1 million shares at a total price of $258.8 million during 2007 and 9.2 million shares at a total price of $333.2 million during 2008
under this program. No shares were purchased during 2009, leaving $73.4 million available for future repurchases under this program
at December 31, 2009.
Stock Performance Graph
The accompanying graph compares the most recent five-year performance of Pitney Bowes common stock with the Standard and
Poor’s (“S&P”) 500 Composite Index, and Peer Group Index.
The Peer Group Index is comprised of the following companies: Automatic Data Processing, Inc. (ADP), Diebold, Inc., R.R.
Donnelley & Sons Co., DST Systems, Inc., Fedex Corporation, Hewlett-Packard Company, Lexmark International, Inc., Pitney Bowes
Inc., United Parcel Service, Inc., and Xerox Corporation. Ikon Office Solutions, Inc., which was previously included in the Peer