Market Might Still Lack Some Conviction On Deluxe Corporation (NYSE:DLX) Even After 26% Share Price Boost
Deluxe Corporation (NYSE:DLX) shares have continued their recent momentum with a 26% gain in the last month alone. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 4.5% in the last twelve months.
Even after such a large jump in price, Deluxe may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 15.2x, since almost half of all companies in the United States have P/E ratios greater than 20x and even P/E’s higher than 35x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next…
