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

Deluxe Corporation (NYSE:DLX) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.30 per share by the business services provider on Tuesday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, November 17th.

Deluxe has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Deluxe to earn $3.54 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 33.9%.

Deluxe Trading Up 6.9%

Shares of NYSE:DLX opened at $23.50 on Thursday. Deluxe has a 52-week low of $18.15 and a 52-week high of $32.07. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.66 and a beta of 1.29. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.02. The business has a 50-day moving average price of $23.32 and a 200-day moving average price of $25.31.

Deluxe (NYSE:DLX) last released its earnings results on Wednesday, November 4th. The business services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. Deluxe had a return on equity of 23.51% and a net margin of 4.91%. The firm had revenue of $553.90 million during the quarter, compared to the consensus estimate of $532.67 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Deluxe will post 3.39 EPS for the current year.

Deluxe Company Profile

Deluxe Corporation is a provider of payments, marketing and business technology solutions serving small businesses, financial institutions and consumers. The company’s offerings include checks and related forms, business supplies, promotional products, website and digital marketing services, customer relationship management tools, data-driven marketing solutions and payment processing services.

Deluxe also provides receivables management, fraud prevention and other financial technology services designed to help businesses and financial institutions manage transactions and customer relationships.