Deluxe Corporation (DLX) To Go Ex-Dividend on August 18th

Deluxe Corporation (NYSE:DLX) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.30 per share by the business services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, August 18th.

Deluxe has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Deluxe to earn $3.62 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 33.1%.

Deluxe Price Performance

DLX opened at $24.08 on Friday. The company has a market capitalization of $1.10 billion, a P/E ratio of 10.70, a PEG ratio of 0.59 and a beta of 1.24. The company has a 50-day moving average of $24.64 and a 200-day moving average of $26.09. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.08 and a current ratio of 1.20. Deluxe has a 1-year low of $17.76 and a 1-year high of $32.07.

Deluxe (NYSE:DLX) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $499.30 million for the quarter, compared to analysts’ expectations of $486.30 million. Deluxe had a net margin of 4.91% and a return on equity of 23.51%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. Equities analysts expect that Deluxe will post 3.41 EPS for the current fiscal year.

About Deluxe

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.