STAMFORD, Conn., Jul 8, 2002 /PRNewswire-FirstCall via COMTEX/ -- 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 September 12, 2002, to stockholders of record on August 23, 2002; a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable October 1, 2002, to stockholders of record September 13, 2002, and a quarterly cash dividend of 50 cents per share on the company's 4 percent convertible cumulative preferred stock, payable November 1, 2002, to stockholders of record October 11, 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 www.pb.com.

    CONTACT:  Dan Burris of Pitney Bowes Inc., +1-203-351-6477.

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SOURCE Pitney Bowes Inc.

CONTACT:          Dan Burris of Pitney Bowes Inc., +1-203-351-6477

URL:              http://www.pb.com 
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