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

Deluxe Corporation (NYSE:DLX) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Monday, February 9th will be given a dividend of 0.30 per share by the business services provider on Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, February 9th.

Deluxe has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Deluxe to earn $3.56 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 33.7%.

Deluxe Trading Up 12.7%

Shares of NYSE DLX traded up $3.04 during midday trading on Thursday, reaching $26.94. 834,021 shares of the stock were exchanged, compared to its average volume of 452,730. The stock has a market capitalization of $1.21 billion, a P/E ratio of 14.73, a PEG ratio of 0.63 and a beta of 1.37. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.91 and a current ratio of 0.99. The company has a 50 day simple moving average of $22.32 and a 200 day simple moving average of $19.96. Deluxe has a twelve month low of $13.61 and a twelve month high of $27.20.

Deluxe (NYSE:DLX) last issued its quarterly earnings data on Wednesday, November 5th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. Deluxe had a return on equity of 22.42% and a net margin of 3.90%.The company had revenue of $540.20 million during the quarter, compared to analyst estimates of $526.50 million. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Deluxe has set its FY 2025 guidance at 3.450-3.60 EPS. As a group, equities analysts expect that Deluxe will post 2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DLX has been the subject of several research analyst reports. CJS Securities upgraded Deluxe to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Deluxe in a report on Monday, December 29th. Finally, Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.00.

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.