Deluxe Reports 7 Percent Revenue Growth in Q3 2012
• Cash provided by operating activities for the first nine months of 2012 totaled $177.1 million, an increase of $5.9 million compared to 2011. Improved operating performance and the discontinuation of payments to our defined contribution pension plan were partially offset by higher income tax payments, a planned contribution in the first quarter to our VEBA trust for future medical costs, and higher contract acquisition payments.
• The board of directors of Deluxe Corporation declared a regular quarterly dividend of $0.25 per share to all outstanding shares of the company. The dividend will be payable on Dec. 3, 2012 to shareholders of record at the close of business on Nov. 19, 2012. The company had 50,902,714 shares outstanding as of Oct. 23, 2012.
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