Deluxe Corporation Buyback
OLI recorded this information on 5/4/2016
The Board of Directors of Deluxe Corporation (NYSE:DLX) declared a quarterly dividend of $0.30 per share on the Company's outstanding common stock. The dividend will be payable on June 6, 2016 to shareholders of record as of the close of business on May 23, 2016. The Board of Directors also authorized a new $300 million share repurchase program to be effective at the conclusion of the previous authorization. As of March 31, 2016, approximately 688 thousand shares remained to be repurchased under the previous share repurchase authorization.
Deluxe is engaged in providing payment solutions. Co.'s marketing solutions and other services provides products and services designed to meet its customers' sales and marketing needs, as well as various other service offerings. Co.'s forms, accessories and other products provides printed business forms, including deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices and personnel forms, as well as computer forms compatible with accounting software packages commonly used by small businesses. Co. also provides other customized products, including envelopes, office supplies, ink stamps, labels, deposit tickets, check registers and checkbook covers.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 94% of all stocks covered)
Based on Zacks ABR data;
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