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.

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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.

Dividend History for Deluxe Corporation (NYSE:DLX)

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