Deluxe Corporation (NYSE:DLX) Plans Quarterly Dividend of $0.30

Deluxe Corporation (NYSE:DLX) declared a quarterly dividend on Tuesday, August 4th. Stockholders 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) annualized dividend and a dividend yield of 4.5%. 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 $3.71 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 32.3%.

Deluxe Stock Down 1.6%

DLX stock opened at $26.56 on Thursday. The business’s 50-day moving average price is $24.51 and its 200-day moving average price is $26.10. The stock has a market cap of $1.22 billion, a P/E ratio of 11.35, a PEG ratio of 0.68 and a beta of 1.24. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 1.98. Deluxe has a twelve month low of $15.87 and a twelve month high of $32.07.

Deluxe (NYSE:DLX) last released its earnings results on Wednesday, August 5th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. The company had revenue of $499.30 million during the quarter, compared to analyst estimates of $486.30 million. During the same period in the prior year, the firm posted $0.88 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Deluxe will post 3.3 EPS for the current year.

Hedge Funds Weigh In On Deluxe

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Deluxe by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,955,732 shares of the business services provider’s stock valued at $110,661,000 after acquiring an additional 35,030 shares during the last quarter. State Street Corp boosted its holdings in shares of Deluxe by 0.9% during the 4th quarter. State Street Corp now owns 2,915,349 shares of the business services provider’s stock valued at $65,100,000 after purchasing an additional 25,202 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Deluxe by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,753,203 shares of the business services provider’s stock valued at $75,823,000 after purchasing an additional 101,105 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in shares of Deluxe by 0.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,080,804 shares of the business services provider’s stock valued at $46,464,000 after purchasing an additional 8,823 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Deluxe by 6.2% during the fourth quarter. LSV Asset Management now owns 1,930,885 shares of the business services provider’s stock valued at $43,117,000 after purchasing an additional 113,026 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Deluxe Company Profile

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.