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.
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.
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