Deluxe Corporation (NYSE:DLX) Shares Set to Pay Quarterly Dividend of $0.30

Deluxe Corporation (NYSE:DLX) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.30 per share by the business services provider on Tuesday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, November 17th.

Deluxe has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Deluxe to earn $3.54 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 33.9%.

Deluxe Stock Performance

NYSE DLX opened at $23.50 on Thursday. The company has a market cap of $1.08 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 0.66 and a beta of 1.29. The stock’s 50 day simple moving average is $23.32 and its 200-day simple moving average is $25.31. Deluxe has a 1-year low of $18.15 and a 1-year high of $32.07. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.20 and a quick ratio of 1.08.

Deluxe (NYSE:DLX) last issued its quarterly earnings results on Wednesday, November 4th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. Deluxe had a return on equity of 23.51% and a net margin of 4.91%. The firm had revenue of $553.90 million for the quarter, compared to analyst estimates of $532.67 million. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that Deluxe will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DLX. Wall Street Zen cut shares of Deluxe from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Weiss Ratings raised shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Barrington Research initiated coverage on shares of Deluxe in a research report on Tuesday, September 29th. They issued an “outperform” rating and a $31.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Deluxe presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

About Deluxe

Deluxe Corporation is a provider of payments, marketing and business technology solutions serving small businesses, financial institutions and consumers. The company’s offerings include checks and related forms, business supplies, promotional products, website and digital marketing services, customer relationship management tools, data-driven marketing solutions and payment processing services.

Deluxe also provides receivables management, fraud prevention and other financial technology services designed to help businesses and financial institutions manage transactions and customer relationships.