Deluxe Corp. (DLX) Declares Quarterly Dividend of $0.30
Deluxe Corp. (NYSE:DLX) announced a quarterly dividend on Tuesday, October 18th. Shareholders of record on Monday, November 21st will be paid a dividend of 0.30 per share on Monday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.83%.
Shares of Deluxe Corp. (NYSE:DLX) traded up 0.15% during midday trading on Tuesday, hitting $65.47. 179,233 shares of the company’s stock traded hands. The company has a 50 day moving average of $67.42 and a 200 day moving average of $65.79. The stock has a market cap of $3.19 billion, a P/E ratio of 13.94 and a beta of 1.39. Deluxe Corp. has a 52 week low of $49.46 and a 52 week high of $70.26.
Deluxe Corp. (NYSE:DLX) last released its earnings results on Thursday, July 28th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.02. The company earned $450.60 million during the quarter, compared to analysts’ expectations of $450.56 million. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 EPS. On average, equities analysts forecast that Deluxe Corp. will post $4.93 EPS for the current fiscal year.
In related news, Director Neil Metviner sold 8,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $69.23, for a total transaction of $553,840.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.
A number of large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Deluxe Corp. by 8.2% in the second quarter. FMR LLC now owns 4,459,001 shares of the company’s stock valued at $295,944,000 after buying an additional 339,794 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Deluxe Corp. by 2.3% in the second quarter. BlackRock Fund Advisors now owns 2,449,966 shares of the company’s stock valued at $162,604,000 after buying an additional 55,334 shares in the last quarter. BlackRock Investment Management LLC raised its stake in shares of Deluxe Corp. by 1.6% in the second quarter. BlackRock Investment Management LLC now owns 344,825 shares of the company’s stock valued at $22,886,000 after buying an additional 5,530 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Deluxe Corp. by 31.3% in the second quarter. State of Tennessee Treasury Department now owns 153,200 shares of the company’s stock valued at $10,168,000 after buying an additional 36,500 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Deluxe Corp. by 72.7% in the second quarter. Parametric Portfolio Associates LLC now owns 143,271 shares of the company’s stock valued at $9,509,000 after buying an additional 60,323 shares in the last quarter. 91.27% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut Deluxe Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th.
About Deluxe Corp.
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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