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

Deluxe Co. (NYSE:DLX) declared a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.30 per share by the business services provider on Monday, December 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Tuesday, November 19th.

Deluxe has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. 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 Up 9.4 %

Shares of DLX traded up $1.95 during trading hours on Thursday, reaching $22.65. The company’s stock had a trading volume of 572,173 shares, compared to its average volume of 228,249. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 0.56 and a beta of 1.46. Deluxe has a 1-year low of $17.49 and a 1-year high of $24.87. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 2.44. The company has a 50 day moving average of $19.36 and a two-hundred day moving average of $20.93.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.11. Deluxe had a return on equity of 20.90% and a net margin of 1.78%. The firm had revenue of $528.40 million for the quarter, compared to the consensus estimate of $528.70 million. As a group, research analysts predict that Deluxe will post 2.8 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Deluxe from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th.

Insider Activity

In other Deluxe news, CEO Barry C. Mccarthy acquired 2,820 shares of Deluxe stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the transaction, the chief executive officer now owns 178,670 shares of the company’s stock, valued at $3,409,023.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.23% of the stock is owned by company insiders.

About Deluxe

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.