Deluxe Co. (NYSE:DLX) plans a quarterly dividend of $0.30

VaselineAugust 17, 2024

0 2 minutes read

Deluxe Co. (NYSE:DLX – Get Free Report ) declared a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Stockholders of record on Monday, August 19th will be given a dividend of 0.30 per share by the business services provider on Tuesday, September 3rd. This represents a dividend of $1.20 on an annualized basis and a yield of 5.99%. The ex-dividend date is Monday, August 19.

Deluxe has a payout ratio of 35.7%, indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Deluxe to earn $3.01 per share next year, which means the company should be able to continue to cover its $1.20 annual dividend with an estimated future payout ratio of 39.9 %.

Deluxe Trading Up 0.6%

NYSE:DLX opened at $20.04 on Friday. Deluxe has a twelve month low of $16.00 and a twelve month high of $24.87. The company has a quick ratio of 0.88, a current ratio of 0.97, and a debt-to-equity ratio of 2.44. The company has a 50 day moving average price of $21.90 and a two hundred day moving average price of $21.04. The company has a market cap of $882.68 million, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 0.62 and a beta of 1.47.

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Deluxe (NYSE:DLX – Get Your Free Report ) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.57 by $0.29. The company had revenue of $537.80 million during the quarter, compared to the consensus estimate of $537.90 million. Deluxe had a return on equity of 20.90% and a net margin of 1.78%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. In the same quarter last year, the firm posted EPS of $0.83. As a group, analysts expect that Deluxe will post 2.92 EPS for the current fiscal year.

Indoor activity at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy acquired 2,440 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $21.63 per share, for a total transaction of $52,777.20. Following the purchase, the chief executive officer now owns 175,850 shares in the company, valued at $3,803,635.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In the last quarter, insiders purchased 3,098 shares of company stock valued at $67,798. Company insiders own 4.23% of the company’s shares.

Analyst upgrades and downgrades

Several equities research analysts have recently commented on DLX shares. Northcoast Research started coverage on Deluxe in a report on Friday, April 19th. They issued a “buy” rating and a $27.00 price objective for the company. StockNews.com lowered Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, TD Cowen boosted their target price on Deluxe from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th.

See our latest review on Deluxe

Deluxe Company Profile

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Deluxe Corporation provides technology-based solutions to enterprises, small businesses and financial institutions in the United States, Canada and Australia. It operates through Merchant Services, B2B Payments, Data Solutions and Print segments. Merchant Services provides credit and debit card authorization and payment systems and processing services primarily to small and medium-sized retail and service businesses.