Deluxe Corporation (DLX) to Issue Quarterly Dividend of $0.30 on December 1st

Deluxe Corporation (NYSE:DLX) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Monday, November 17th will be paid a dividend of 0.30 per share by the business services provider on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, November 17th.

Deluxe has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Deluxe to earn $3.56 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 33.7%.

Deluxe Price Performance

Shares of DLX opened at $20.17 on Friday. The business has a 50-day moving average of $19.20 and a 200-day moving average of $17.43. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.94 and a quick ratio of 0.85. The company has a market capitalization of $907.68 million, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.50 and a beta of 1.47. Deluxe has a 1 year low of $13.61 and a 1 year high of $24.30.

Deluxe (NYSE:DLX) last announced its earnings results on Wednesday, March 23rd. The business services provider reported $1.38 EPS for the quarter. Deluxe had a return on equity of 21.12% and a net margin of 2.75%.The business had revenue of $454.49 million for the quarter. As a group, equities research analysts anticipate that Deluxe will post 2.77 earnings per share for the current year.

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.