Pitney Bowes sets payouts, seats new director

Stamford document and data-processing vendor Pitney Bowes Inc. declared a series of stockholder dividends and elected a new board member.

Pitney Bowes will pay a common-stock dividend of 37 ½ cents a share on Sept. 12 to shareholders on record by Aug. 10.

Holders of its $2.12 convertible preference stock will collect 53 cents on Oct. 1 for each share they own as of Sept. 14.

Finally, the company will pay 50 cents a share on its 4 percent cumulative preferred on Nov. 1 to stockholders of record as of Oct. 15.

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Separately, Pitney Bowes said S. Douglas Hutcheson was seated as a director on Monday to a term that expires with the company’s 2013 annual meeting.

Hutcheson is president, CEO and a director of Leap Wireless International Inc., a San Diego telecomm.