Deluxe Co. (NYSE:DLX) Plans Quarterly Dividend of $0.30

Deluxe Co. (NYSE:DLX) declared a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.30 per share by the business services provider on Tuesday, September 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Monday, August 19th.

Deluxe has a dividend payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Deluxe to earn $3.01 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 39.9%.

Deluxe Stock Performance

DLX stock traded down $2.54 during midday trading on Thursday, reaching $21.84. 664,201 shares of the company were exchanged, compared to its average volume of 230,955. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.97 and a quick ratio of 0.88. The business has a 50-day moving average price of $22.55 and a two-hundred day moving average price of $21.05. Deluxe has a one year low of $16.00 and a one year high of $24.87. The firm has a market capitalization of $961.96 million, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 0.69 and a beta of 1.47.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The firm had revenue of $535.00 million during the quarter, compared to analysts’ expectations of $527.45 million. Deluxe had a net margin of 1.57% and a return on equity of 21.33%. Equities research analysts forecast that Deluxe will post 2.92 EPS for the current year.

Analyst Upgrades and Downgrades

DLX has been the subject of a number of recent research reports. TD Cowen boosted their target price on shares of Deluxe from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Northcoast Research started coverage on Deluxe in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 price target for the company. Finally, StockNews.com downgraded Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

Insiders Place Their Bets

In other Deluxe news, CEO Barry C. Mccarthy bought 2,440 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $21.63 per share, with a total value of $52,777.20. Following the completion of the purchase, the chief executive officer now owns 175,850 shares in the company, valued at $3,803,635.50. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 2,675 shares of company stock valued at $58,063. 4.23% of the stock is currently owned by corporate insiders.

Deluxe Company Profile

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.