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Pitney Bowes

P/E Ratio: 8.08X

Forward dividend yield: 8.11%

Founded in 1920 and listed on the New York Stock Exchange since 1950, Pitney Bowes is trying to reinvent itself, venturing into the cloud and bringing its mail and other business services into the digital realm.

Shares of the Stamford, Conn.-based company are down 20% so far in 2011, and the stock scraped a 52-week low of $17.95 on Tuesday before bouncing to close at $19.68 on Wednesday.

Pitney Bowes has topped Wall Street's earnings view in six of the past eight quarters and it's slated to report its fiscal third-quarter results on Nov. 1. The average estimate of analysts polled by Thomson Reuters is for earnings of 54 cents a share on revenue of $1.33 billion in the September-ended period.

>>To see these stocks in action, visit the 8 Stocks With Dividend Yields Above P/E portfolio on Stockpickr.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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