Deluxe Co. (DLX) to Issue Quarterly Dividend of $0.30 on December 2nd

Deluxe Co. (NYSE:DLX) declared a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.30 per share by the business services provider on Monday, December 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date is Tuesday, November 19th.

Deluxe has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Deluxe to earn $3.01 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 39.9%.

Deluxe Price Performance

Shares of DLX opened at $23.21 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83. The company’s fifty day moving average price is $19.85 and its 200-day moving average price is $21.09. Deluxe has a 1-year low of $17.60 and a 1-year high of $24.87. The firm has a market capitalization of $1.03 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy bought 2,820 shares of Deluxe stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $19.08 per share, with a total value of $53,805.60. Following the completion of the acquisition, the chief executive officer now directly owns 178,670 shares in the company, valued at approximately $3,409,023.60. This trade represents a 1.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Deluxe from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

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.