Deluxe Corporation (NYSE:DLX) Announces $0.30 Quarterly Dividend

Deluxe Corporation (NYSE:DLX – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.30 per share by the business services provider on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, August 18th.

Deluxe has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Deluxe to earn $3.71 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 32.3%.

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Deluxe Price Performance

DLX opened at $26.56 on Thursday. Deluxe has a 1 year low of $15.87 and a 1 year high of $32.07. The company’s 50 day simple moving average is $24.51 and its 200 day simple moving average is $26.10. The stock has a market capitalization of $1.22 billion, a PE ratio of 11.35, a P/E/G ratio of 0.68 and a beta of 1.24. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.05 and a current ratio of 1.15.

Deluxe (NYSE:DLX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The firm had revenue of $499.30 million during the quarter, compared to analyst estimates of $486.30 million. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. Deluxe’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, sell-side analysts expect that Deluxe will post 3.3 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DLX. Zacks Research cut shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings downgraded Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Deluxe presently has a consensus rating of “Hold”.

Read Our Latest Analysis on Deluxe

About Deluxe

(Get Free Report)

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.

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