Pitney Bowes Boosts Buybacks, Completes $230 Million Convertible Notes Offering

Pitney Bowes Inc. (NYSE:PBI) is one of the 13 Best Freight Stocks to Invest in Now.

The company completes the Convertible Senior Notes offering after raising the share repurchase authorization in the second quarter of 2025.

During the second quarter of 2025, Pitney Bowes Inc. (NYSE:PBI) exhausted its $150 million share repurchase authorization. Following the repurchase, it has also increased its dividend for the third consecutive quarter. Additionally, the company’s Board raised the share repurchase authorization to $400 million, signaling confidence in the company’s financial stability.

On the other hand, owing to customer losses in the Presort business, the revenue guidance range has been reduced by $50 million. Later, on August 8, 2025, the company completed $230 million offering of 1.50% Convertible Senior Notes. These Notes, due in 2030, raised approximately $221.4 million after expenses. The company used the proceeds to buy back shares, manage debt, and invest, aiming to reduce dilution.

Institutional interest in the stock stands strong, with 33 hedge funds holding stakes in the company’s ownership. The significantly large 38.44% upside potential, estimated by 1 analyst in CNN, further draws the attention of the investors in the freight market.

Founded in 1920, Pitney Bowes Inc. (NYSE:PBI) is a technology company established in the mailing industry, pioneering the invention of the postage meter. The Connecticut-headquartered company provides a diverse range of business services, including global e-commerce and shipping.

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