Deluxe Corp. (DLX) Declares Quarterly Dividend of $0.30
Deluxe Corp. (NYSE:DLX) announced a quarterly dividend on Tuesday, October 18th. Shareholders of record on Monday, November 21st will be paid a dividend of 0.30 per share on Monday, December 5th. This represents a $1.20 annualized dividend and a yield of 1.83%.
Shares of Deluxe Corp. (NYSE:DLX) traded up 0.15% during midday trading on Tuesday, reaching $65.47. The company’s stock had a trading volume of 179,233 shares. The stock has a 50 day moving average price of $67.42 and a 200-day moving average price of $65.79. Deluxe Corp. has a 52-week low of $49.46 and a 52-week high of $70.26. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 13.94 and a beta of 1.39.
Deluxe Corp. (NYSE:DLX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.02. The company had revenue of $450.60 million for the quarter, compared to the consensus estimate of $450.56 million. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. Equities research analysts expect that Deluxe Corp. will post $4.93 EPS for the current year.
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In other Deluxe Corp. news, Director Neil Metviner sold 8,000 shares of Deluxe Corp. stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $69.23, for a total value of $553,840.00. The sale was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DLX. BlackRock Investment Management LLC raised its stake in shares of Deluxe Corp. by 1.6% in the second quarter. BlackRock Investment Management LLC now owns 344,825 shares of the company’s stock valued at $22,886,000 after buying an additional 5,530 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Deluxe Corp. by 2.3% in the second quarter. BlackRock Fund Advisors now owns 2,449,966 shares of the company’s stock valued at $162,604,000 after buying an additional 55,334 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Deluxe Corp. by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 11,587 shares of the company’s stock valued at $769,000 after buying an additional 234 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Deluxe Corp. during the second quarter valued at $385,000. Finally, Alliancebernstein L.P. raised its stake in shares of Deluxe Corp. by 15.3% in the second quarter. Alliancebernstein L.P. now owns 112,258 shares of the company’s stock valued at $7,451,000 after buying an additional 14,920 shares during the last quarter. 91.27% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research downgraded Deluxe Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
Deluxe Corp. Company Profile
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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