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

Deluxe Co. (NYSE:DLX) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.30 per share by the business services provider on Monday, March 3rd. This represents a $1.20 annualized dividend and a yield of 5.31%.

Deluxe has a payout ratio of 32.8% 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 Down 1.2 %

Deluxe stock traded down $0.28 during trading hours on Wednesday, hitting $22.58. The stock had a trading volume of 379,117 shares, compared to its average volume of 278,727. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $999.57 million, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 0.64 and a beta of 1.52. Deluxe has a 12-month low of $18.48 and a 12-month high of $24.87. The stock’s 50-day moving average price is $22.78 and its 200-day moving average price is $21.29.

Analysts Set New Price Targets

DLX has been the subject of several recent analyst reports. Sidoti raised shares of Deluxe to a “hold” rating in a report on Thursday, January 30th. StockNews.com raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 12th.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy bought 2,290 shares of Deluxe stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $23.57 per share, with a total value of $53,975.30. Following the completion of the acquisition, the chief executive officer now owns 180,960 shares in the company, valued at approximately $4,265,227.20. This represents a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.23% of the stock is owned by corporate 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.