Stamford mailing-equipment maker Pitney Bowes Inc. said today it will participate in a new security screening program for mail and cargo transported aboard overseas-bound commercial aircraft.
Run by the Transportation Security Administration (TSA), the program is being established under a 2007 law mandating all passenger-plane cargo headed out of or into the United States be screened before being loaded, beginning in August 2010.
Pitney Bowes said TSA has certified the company’s screening facilities for moving mail and packages safely and on time.
Separately, Pitney Bowes has declared quarterly dividends on its common, preference and preferred stock.
The common stock cash payout of 36 cents per share will be paid Sept. 12 to stockholders on record as of Aug. 14.
A dividend of 53 cents on the company’s $2.12 convertible preference stock, will be paid Oct. 1 to stockholders on record as of Sept. 15.
A dividend of 50 cents on the company’s 4 percent convertible cumulative preferred will be paid Nov. 1 to stockholders on record as of Oct. 15.
