Deluxe Co. (NYSE:DLX) announced a quarterly dividend on Friday, July 28th, Zacks reports. Investors of record on Monday, August 21st will be paid a dividend of 0.30 per share by the business services provider on Tuesday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, August 17th.
Deluxe has raised its dividend payment by an average of 6.3% annually over the last three years. Deluxe has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings.
Shares of Deluxe (NYSE DLX) traded down 1.19% during mid-day trading on Friday, reaching $67.50. The company had a trading volume of 477,182 shares. The company has a 50 day moving average price of $70.11 and a 200 day moving average price of $71.15. Deluxe has a one year low of $59.47 and a one year high of $75.94. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.44 and a beta of 1.35.
Deluxe (NYSE:DLX) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. Deluxe had a return on equity of 25.50% and a net margin of 12.28%. The business had revenue of $485.20 million for the quarter, compared to the consensus estimate of $479.42 million. During the same period last year, the business posted $1.20 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Deluxe will post $5.25 EPS for the current year.
In other news, Director Ronald C. Baldwin sold 2,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.41, for a total transaction of $144,820.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John D. Filby sold 18,936 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.21, for a total value of $1,367,368.56. Following the transaction, the vice president now directly owns 46,154 shares in the company, valued at $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This story was originally posted by Stock Observer and is the property of of Stock Observer. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.thestockobserver.com/2017/08/12/deluxe-co-nysedlx-announces-0-30-quarterly-dividend.html.
DLX has been the topic of several recent analyst reports. BidaskClub upgraded Deluxe from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Deluxe from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Tuesday, May 2nd.
Deluxe Company Profile
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
Receive News & Ratings for Deluxe Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe Co. and related companies with MarketBeat.com's FREE daily email newsletter.