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

Deluxe Co. (NYSE:DLX) announced a quarterly dividend on Friday, May 2nd, Wall Street Journal reports. Shareholders of record on Monday, May 19th will be paid a dividend of 0.30 per share by the business services provider on Monday, June 2nd. This represents a $1.20 annualized dividend and a yield of 7.96%. The ex-dividend date is Monday, May 19th.

Deluxe has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.2 %

DLX stock opened at $15.08 on Friday. The company has a market capitalization of $674.33 million, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.52 and a beta of 1.41. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.98. Deluxe has a one year low of $13.70 and a one year high of $24.87. The company’s 50 day moving average price is $15.43 and its two-hundred day moving average price is $19.46.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. Deluxe had a net margin of 2.49% and a return on equity of 21.33%. The business had revenue of $536.50 million during the quarter, compared to the consensus estimate of $525.43 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts predict that Deluxe will post 2.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DLX has been the topic of several recent research reports. TD Securities reduced their price target on Deluxe from $33.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday. Sidoti upgraded shares of Deluxe to a “hold” rating in a report on Thursday, January 30th. Finally, StockNews.com lowered shares of Deluxe from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 26th.

Insider Activity at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy acquired 3,926 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $16.45 per share, for a total transaction of $64,582.70. Following the transaction, the chief executive officer now owns 272,851 shares in the company, valued at $4,488,398.95. This represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is owned by company insiders.

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.