Deluxe Corporation (DLX) To Go Ex-Dividend on August 17th
Deluxe Corporation (NYSE:DLX) announced a quarterly dividend on Friday, July 28th, Zacks reports. Investors of record on Monday, August 21st will be paid a dividend of 0.30 per share by the business services provider on Tuesday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, August 17th.
Deluxe Corporation has raised its dividend payment by an average of 6.3% per year over the last three years. Deluxe Corporation has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings.
Shares of Deluxe Corporation (NYSE DLX) opened at 68.99 on Wednesday. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 14.76 and a beta of 1.35. The company has a 50 day moving average price of $70.14 and a 200-day moving average price of $71.06. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94.
Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.05. The firm had revenue of $485.20 million during the quarter, compared to analysts’ expectations of $479.42 million. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. Equities analysts predict that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, May 2nd.
In other Deluxe Corporation news, VP John D. Filby sold 18,936 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.21, for a total value of $1,367,368.56. Following the completion of the transaction, the vice president now owns 46,154 shares of the company’s stock, valued at approximately $3,332,780.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald C. Baldwin sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
About Deluxe Corporation
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
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