Relx Plc (RELX) To Go Ex-Dividend on May 9th

Relx Plc (NYSE:RELX) announced a semi-annual dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Friday, May 9th will be paid a dividend of 0.5586 per share by the technology company on Wednesday, June 25th. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23.

Relx has increased its dividend by an average of 4.5% annually over the last three years. Relx has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Relx to earn $1.88 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 59.6%.

Relx Stock Down 0.8 %

Shares of NYSE:RELX opened at $50.50 on Thursday. Relx has a twelve month low of $40.25 and a twelve month high of $51.99. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The business has a fifty day moving average of $47.97 and a 200-day moving average of $47.22.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RELX shares. StockNews.com raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Redburn Atlantic assumed coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating for the company.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.