Deluxe Corporation (DLX) To Go Ex-Dividend on November 17th

Deluxe Corporation (NYSE:DLX) announced a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, November 17th will be given a dividend of 0.30 per share by the business services provider on Monday, December 1st. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Monday, November 17th.

Deluxe has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. 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 14.1%

NYSE DLX opened at $20.76 on Friday. Deluxe has a 12 month low of $13.61 and a 12 month high of $24.45. The company has a 50-day moving average of $19.07 and a 200-day moving average of $17.20. 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 cap of $931.86 million, a P/E ratio of 16.09, a P/E/G ratio of 0.50 and a beta of 1.47.

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

Analyst Ratings Changes

Several research analysts have commented on the company. Cowen reissued a “buy” rating on shares of Deluxe in a research report on Thursday, August 7th. Wall Street Zen cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Deluxe in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

About Deluxe

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.