STAMFORD, Conn., April 11 /PRNewswire-FirstCall/ -- The Board of Directors of Pitney Bowes Inc. (NYSE: PBI) declared a quarterly cash dividend on the company's common stock of 31 cents per share, payable June 12, 2005, to stockholders of record on May 20, 2005; a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable July 1, 2005, to stockholders of record June 15, 2005, and a quarterly cash dividend of 50 cents per share on the company's 4 percent convertible cumulative preferred stock, payable August 1, 2005, to stockholders of record July 15, 2005.

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $5 billion company helps organizations of all sizes efficiently and effectively manage their mission-critical mail and document flow in physical, digital and hybrid formats. Its solutions range from addressing software and metering systems to print stream management, electronic bill presentment and presort mail services. The company's 80-plus years of technological leadership have produced many major innovations in the mailing industry, and it is consistently on the Intellectual Property Owner's list of top U.S. patent holders. With approximately 35,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information on the company can be found at http://www.pb.com.

Sheryl Y. Battles

VP, Corp. Communications

203-351-6808

SOURCE  Pitney Bowes Inc.
    -0-                             04/11/2005
    /CONTACT:  Sheryl Y. Battles, VP, Corp. Communications, +1-203-351-6808,
or Charles F. McBride, VP, Investor Relations, +1-203-351-6349, both for
Pitney Bowes Inc./
    /Web site:  http://www.pb.com /
    (PBI)

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

MC
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6663 04/11/2005 12:34 EDT http://www.prnewswire.com