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

Deluxe Co. (NYSE:DLX - Get Free Report) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.30 per share by the business services provider on Monday, March 3rd. This represents a $1.20 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, February 18th.

Deluxe has a dividend payout ratio of 32.8% meaning its dividend is sufficiently covered by earnings. Equities research 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

NYSE DLX traded down $1.23 during midday trading on Friday, hitting $18.79. The company had a trading volume of 826,511 shares, compared to its average volume of 320,428. The firm has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $21.22. The stock has a market cap of $831.87 million, a price-to-earnings ratio of 15.92, a P/E/G ratio of 0.55 and a beta of 1.52. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36. Deluxe has a fifty-two week low of $18.38 and a fifty-two week high of $24.87.

Deluxe (NYSE:DLX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.05). Deluxe had a net margin of 2.49% and a return on equity of 21.33%. Equities analysts forecast that Deluxe will post 3.01 earnings per share for the current fiscal year.

Insider Activity at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy bought 2,290 shares of Deluxe stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $23.57 per share, with a total value of $53,975.30. Following the purchase, the chief executive officer now owns 180,960 shares of the company's stock, valued at $4,265,227.20. This trade represents a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DLX shares. StockNews.com downgraded shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Sidoti raised Deluxe to a "hold" rating in a research note 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.