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.

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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.

Dividend History for Deluxe Corporation (NYSE:DLX)

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