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

Deluxe Corporation (NYSE:DLX) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Monday, November 17th will be given a dividend of 0.30 per share by the business services provider on Monday, December 1st. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Monday, November 17th.

Deluxe has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Deluxe to earn $3.56 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 33.7%.

Deluxe Stock Performance

DLX stock opened at $18.30 on Thursday. The stock has a market capitalization of $821.53 million, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.50 and a beta of 1.47. Deluxe has a 12-month low of $13.61 and a 12-month high of $24.45. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 2.24. The stock’s 50 day simple moving average is $19.04 and its 200 day simple moving average is $17.17.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Wednesday, March 23rd. The business services provider reported $1.38 earnings per share (EPS) for the quarter. The business had revenue of $454.49 million for the quarter. Deluxe had a return on equity of 21.12% and a net margin of 2.75%. As a group, research analysts forecast that Deluxe will post 2.77 earnings per share for the current fiscal year.

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.