STAMFORD, Conn., July 10 /PRNewswire-FirstCall/ -- 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 September 12, 2006, to stockholders of record on August 18, 2006; a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable October 1, 2006, to stockholders of record September 15, 2006, and a quarterly cash dividend of 50 cents per share on the company's 4 percent convertible cumulative preferred stock, payable November 1, 2006, to stockholders of record October 13, 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 86 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.
    -0-                             07/10/2006
    /CONTACT:  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./
    /Web site:  http://www.pb.com/
    (PBI)

CO:  Pitney Bowes Inc.
ST:  Connecticut
IN:  CPR STW HRD
SU:  DIV

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1821 07/10/2006 10:02 EDT http://www.prnewswire.com