STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 2, 2000--Today, the board of directors of Pitney Bowes Inc. (NYSE: PBI) declared a quarterly cash dividend of the company's common stock of 28.5 cents per share, payable December 12, 2000, to stockholders of record November 24, 2000. The directors also declared a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable January 1, 2001, to stockholders of record December 15, 2000, and a quarterly cash dividend of 50 cents per share on the company's 4% convertible cumulative preferred stock, payable February 1, 2001 to stockholders of record January 12, 2001.

Pitney Bowes Inc. is a $4.4 billion global provider of total messaging solutions. It serves over 2 million businesses of all sizes in 118 countries through dealer and direct operations. For more information about the company, visit www.pitneybowes.com.

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