Deluxe Corporation (DLX) to Issue $0.30 Quarterly Dividend
Deluxe Corporation (NYSE:DLX) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Monday, November 20th will be paid a dividend of 0.30 per share by the business services provider on Monday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, November 17th.
Deluxe Corporation has raised its dividend payment by an average of 6.3% annually over the last three years. Deluxe Corporation has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings.
Deluxe Corporation (NYSE DLX) opened at 70.19 on Friday. The firm has a market cap of $3.39 billion, a PE ratio of 15.02 and a beta of 1.35. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94. The company has a 50 day moving average of $71.65 and a 200-day moving average of $70.24.
Deluxe Corporation (NYSE:DLX) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.07. The business had revenue of $497.70 million for the quarter, compared to analyst estimates of $487.77 million. Deluxe Corporation had a net margin of 10.24% and a return on equity of 27.56%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. On average, equities research analysts predict that Deluxe Corporation will post $5.25 earnings per share for the current year.
In related news, VP John D. Filby sold 18,936 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the completion of the sale, the vice president now owns 46,154 shares of the company’s stock, valued at approximately $3,332,780.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was 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. 2.40% of the stock is currently owned by corporate insiders.
Separately, BidaskClub downgraded shares of Deluxe Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.
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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