STAMFORD, Conn., April 14 /PRNewswire-FirstCall/ -- The Board of Directors of Pitney Bowes Inc. (NYSE: PBI) declared a quarterly cash dividend of the company's common stock of 30 cents per share, payable June 12, 2003, to stockholders of record on May 23, 2003; a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable July 1, 2003, to stockholders of record June 13, 2003, and a quarterly cash dividend of 50 cents per share on the company's 4 percent convertible cumulative preferred stock, payable August 1, 2003, to stockholders of record July 15, 2003.

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $4.4 billion company helps organizations of all sizes engineer the flow of communication to reduce costs and increase impact, and enhance customer relationships. The company's 80-plus years of technological leadership has produced many major innovations in the mailing industry and more than 3,500 active patents with applications in a variety of markets, including printing, shipping, encryption, and financial services. With approximately 33,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information on the company is available at www.pb.com.

SOURCE  Pitney Bowes Inc.
    -0-                             04/14/2003
    /CONTACT:  Marianne Fulgenzi, Director, External Affairs, +1-203-351-6974,
marianne.fulgenzi@pb.com/
    /Web site:  http://www.pb.com /
    (PBI)

CO:  Pitney Bowes Inc.
ST:  Connecticut
IN:  OFP
SU:  DIV



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