STAMFORD, Conn., April 10, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Board of Directors of Pitney Bowes Inc. (NYSE: PBI) declared a quarterly cash dividend on the company's common stock of 32 cents per share, payable June 12, 2006, to stockholders of record on May 19, 2006; a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable July 1, 2006, to stockholders of record June 15, 2006, and a quarterly cash dividend of 50 cents per share on the company's 4 percent convertible cumulative preferred stock, payable August 1, 2006, to stockholders of record July 14, 2006.

Pitney Bowes provides the world's most comprehensive suite of mailstream software, hardware, services and solutions to help companies manage their flow of mail, documents and packages to improve communication. Pitney Bowes, with $5.5 billion in annual revenue, takes an all-inclusive view of its customers' operations, helping organizations of all sizes enjoy the competitive advantage that comes from an optimized mailstream. The company's 85 years of technological leadership have produced many major mailstream innovations, and it is consistently on the Intellectual Property Owners Association's list of top U.S. patent holders. With approximately 34,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about the company can be found at http://www.pb.com.

Contact:
    Sheryl Y. Battles
    VP, Corp. Communications
    203-351-6808

SOURCE Pitney Bowes Inc.

Sheryl Y. Battles, VP, Corp. Communications, +1-203-351-6808, or Charles F. McBride,
VP, Investor Relations, +1-203-351-6349, both of Pitney Bowes Inc.

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