STAMFORD, Conn., April 8 /PRNewswire-FirstCall/ -- The Board of Directors of Pitney Bowes Inc. (NYSE: PBI), declared a quarterly cash dividend of the company's common stock of 29.5 cents per share, payable on June 12, 2002, to stockholders of record on May 24, 2002; a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable July 1, 2002, to stockholders of record June 14, 2002, and a quarterly cash dividend of 50 cents per share on the company's 4 percent convertible cumulative preferred stock, payable August 1, 2002, to stockholders of record July 12, 2002.

Pitney Bowes is a $4.1 billion global provider of integrated mail and document management solutions, headquartered in Stamford, Connecticut. The company serves over 2 million businesses of all sizes through dealer and direct operations. For more information on Pitney Bowes, its products, services and solutions, visit http://www.pb.com.

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SOURCE Pitney Bowes Inc.

-0- 04/08/2002

/CONTACT: Marianne Fulgenzi, Director, External Affairs of Pitney Bowes Inc., +1-203-351-6974, marianne.fulgenzi@pb.com/