"Finally, we have Pitney Bowes marked "return to sender." The undisputed champ when it comes to metered mail isn't a surprise on this list. The volume of mail we send out is fading in this era of email, fax machines, and smartphones.
Income investors are still drawn to Pitney Bowes. They see the ridiculously rich 12.5% yield and its history of increasing payouts, jumping in as they ignore the deteriorating fundamentals.
Pitney Bowes did bring in a new CEO this month, and the company's been trying to expand into enterprise solutions to wean itself off the metered mail beast. However, analysts see profitability and revenue continue to creep lower for the foreseeable future. That's not a letter that shareholders may want to read between the fat dividend checks."