Deluxe Co. (NYSE:DLX) Plans $0.30 Quarterly Dividend

Deluxe Co. (NYSE:DLX) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.30 per share by the business services provider on Monday, March 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date is Tuesday, February 18th.

Deluxe has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Deluxe to earn $3.79 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 31.7%.

Deluxe Stock Performance

Shares of Deluxe stock opened at $18.92 on Friday. The company has a market capitalization of $837.77 million, a PE ratio of 16.04, a P/E/G ratio of 0.55 and a beta of 1.52. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.98. The company has a 50-day simple moving average of $22.13 and a two-hundred day simple moving average of $21.05. Deluxe has a one year low of $17.92 and a one year high of $24.87.

Deluxe (NYSE:DLX) last announced its earnings results on Wednesday, February 5th. The business services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Deluxe had a return on equity of 21.33% and a net margin of 2.49%. Research analysts expect that Deluxe will post 3.01 EPS for the current fiscal year.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy bought 2,290 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $23.57 per share, for a total transaction of $53,975.30. Following the acquisition, the chief executive officer now directly owns 180,960 shares of the company’s stock, valued at $4,265,227.20. The trade was a 1.28 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 4.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DLX shares. StockNews.com downgraded shares of Deluxe from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Sidoti upgraded shares of Deluxe to a “hold” rating in a report on Thursday, January 30th.

Deluxe Company Profile

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.