Deluxe Co. (DLX) To Go Ex-Dividend on February 16th

Deluxe Co. (NYSE:DLX) announced a quarterly dividend on Thursday, January 25th, Zacks reports. Stockholders of record on Tuesday, February 20th will be given a dividend of 0.30 per share by the business services provider on Monday, March 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, February 16th.

Deluxe has raised its dividend by an average of 1.4% per year over the last three years. Deluxe has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings.

Shares of Deluxe (NYSE:DLX) opened at $71.18 on Thursday. The firm has a market cap of $3,361.92, a price-to-earnings ratio of 13.32 and a beta of 1.18. Deluxe has a 52 week low of $66.43 and a 52 week high of $78.87. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 0.66.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Thursday, January 25th. The business services provider reported $1.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.40. The firm had revenue of $494.90 million for the quarter, compared to analyst estimates of $500.75 million. Deluxe had a net margin of 11.71% and a return on equity of 26.80%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 earnings per share. research analysts forecast that Deluxe will post 5.68 EPS for the current fiscal year.

In other news, insider Malcolm Mcroberts sold 5,402 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $76.45, for a total value of $412,982.90. Following the sale, the insider now owns 55,702 shares in the company, valued at $4,258,417.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lee J. Schram sold 33,030 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total transaction of $2,355,699.60. The disclosure for this sale can be found here. Insiders sold 40,630 shares of company stock worth $2,936,544 in the last quarter. Company insiders own 2.40% of the company’s stock.

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Deluxe 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 (NYSE:DLX)

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