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

Deluxe Co. (NYSE:DLX) announced a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.30 per share by the business services provider on Monday, December 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Tuesday, November 19th.

Deluxe has a dividend payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Deluxe to earn $3.01 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 39.9%.

Deluxe Stock Performance

DLX opened at $23.21 on Friday. The firm has a fifty day moving average price of $19.85 and a 200 day moving average price of $21.09. Deluxe has a 1 year low of $17.60 and a 1 year high of $24.87. The stock has a market cap of $1.03 billion, a P/E ratio of 18.72, a P/E/G ratio of 0.66 and a beta of 1.46. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83.

Insider Buying and Selling

In related news, CEO Barry C. Mccarthy acquired 2,820 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the acquisition, the chief executive officer now directly owns 178,670 shares in the company, valued at approximately $3,409,023.60. This trade represents a 1.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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.