Deluxe Corporation (NYSE:DLX) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Monday, November 20th will be paid a dividend of 0.30 per share by the business services provider on Monday, December 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, November 17th.

Deluxe Corporation has increased its dividend payment by an average of 6.3% per year over the last three years. Deluxe Corporation has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Deluxe Corporation to earn $5.52 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 21.7%.

Shares of Deluxe Corporation (DLX) traded down 3.35% during mid-day trading on Friday, reaching $70.19. 371,596 shares of the company’s stock were exchanged. Deluxe Corporation has a 52-week low of $59.47 and a 52-week high of $75.94. The firm has a market cap of $3.39 billion, a P/E ratio of 15.02 and a beta of 1.35. The company has a 50 day moving average price of $71.65 and a 200 day moving average price of $70.24.

Deluxe Corporation (NYSE:DLX) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.07. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The business had revenue of $497.70 million during the quarter, compared to analysts’ expectations of $487.77 million. During the same quarter in the previous year, the company earned $1.22 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts forecast that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.

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In other Deluxe Corporation news, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.41, for a total value of $144,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the completion of the transaction, the vice president now directly owns 46,154 shares of the company’s stock, valued at approximately $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Separately, BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st.

Deluxe Corporation Company Profile

Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.

Dividend History for Deluxe Corporation (NYSE:DLX)

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