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

Key Points

• Deluxe Corporation announced a quarterly dividend of $0.30 per share, which will be paid on September 2nd to stockholders of record on August 18th.
• The company has a payout ratio of 33.3%, indicating its dividend is well-covered by earnings, with expected earnings of $3.56 per share next year.
• DLX stock decreased by 1.8% on Wednesday, trading at $15.94, with a market cap of approximately $713.25 million.

Deluxe Corporation (NYSE:DLX - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.30 per share by the business services provider on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Deluxe has a payout ratio of 33.3% 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 Stock Down 1.8%

DLX stock traded down $0.30 on Wednesday, hitting $15.94. 514,259 shares of the company's stock were exchanged, compared to its average volume of 375,597. Deluxe has a 12-month low of $13.61 and a 12-month high of $24.45. The firm has a 50 day moving average price of $15.79 and a two-hundred day moving average price of $16.45. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.84 and a current ratio of 0.93. The stock has a market cap of $713.25 million, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.46 and a beta of 1.49.

Deluxe (NYSE:DLX - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.06. Deluxe had a return on equity of 21.20% and a net margin of 2.64%. As a group, equities research analysts expect that Deluxe will post 2.77 EPS for the current fiscal year.

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.

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