The Board of Directors of Deluxe Corporation declared a regular quarterly dividend of $0.30 per share on the company’s outstanding common stock. This is a $0.05 per share increase from the level paid quarterly since mid-2006.
“The dividend increase approved by the board is not only the result of the company’s strong operating performance but also reflects the confidence we have in our ability to grow earnings and cash flow over the long-term,” said Terry Peterson, Deluxe’s CFO “Our capital allocation strategy continues to represent a balanced approach of investing in our organic and acquisitive growth initiatives, returning capital to shareholders through dividends and repurchases and maintaining a strong balance sheet. Today’s announcement reflects our continued commitment to deliver on that capital allocation strategy.”
The dividend will be payable on June 2, 2014 to shareholders of record at the close of business on May 19, 2014.