STAMFORD, Conn., Nov 8, 2004 /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 30.5 cents per share, payable December 12, 2004, to stockholders of record on November 19, 2004; a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable January 1, 2005, to stockholders of record December 15, 2004, and a quarterly cash dividend of 50 cents per share on the company's 4 percent convertible cumulative preferred stock, payable February 1, 2005, to stockholders of record January 14, 2004.

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $4.6 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 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.

http://www.pb.com