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

Deluxe Corporation (NYSE:DLX) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Tuesday, August 18th will be given a dividend of 0.30 per share by the business services provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, August 18th.

Deluxe has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Deluxe to earn $3.71 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 32.3%.

Deluxe Price Performance

Shares of NYSE DLX opened at $26.56 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.15 and a quick ratio of 1.05. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24. The stock’s 50-day moving average is $24.51 and its two-hundred day moving average is $26.10. Deluxe has a 1-year low of $15.87 and a 1-year high of $32.07.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. Deluxe had a return on equity of 24.11% and a net margin of 5.01%.The business had revenue of $499.30 million during the quarter, compared to analysts’ expectations of $486.30 million. During the same quarter last year, the business posted $0.88 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts forecast that Deluxe will post 3.3 EPS for the current fiscal year.

About Deluxe

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.