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

Deluxe Co. (NYSE:DLX) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders 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 dividend yield of 5.31%.

Deluxe has a payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of Deluxe stock traded down $0.28 on Wednesday, hitting $22.58. 379,117 shares of the company traded hands, compared to its average volume of 278,727. The firm’s 50-day simple moving average is $22.78 and its 200 day simple moving average is $21.29. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. The company has a market cap of $999.57 million, a P/E ratio of 18.21, a P/E/G 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.

Insiders Place Their Bets

In other news, CEO Barry C. Mccarthy purchased 2,290 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of $23.57 per share, with a total value of $53,975.30. Following the acquisition, the chief executive officer now directly owns 180,960 shares in the company, valued at approximately $4,265,227.20. The trade was a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DLX. StockNews.com upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 12th. Sidoti upgraded shares of Deluxe to a “hold” rating in a research report on Thursday, January 30th.

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.