Relx Plc (LON:REL) Raises Dividend to GBX 448 Per Share

Relx Plc (LON:REL - Get Free Report) announced a dividend on Thursday, February 13th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 8th will be paid a dividend of GBX 448 ($5.96) per share on Thursday, June 19th. This represents a dividend yield of 1.19%. The ex-dividend date is Thursday, May 8th. This is a 2,361.5% increase from Relx's previous dividend of $18.20. The official announcement can be accessed at this link.

Relx Price Performance

REL stock traded up GBX 7 ($0.09) during midday trading on Friday, hitting GBX 4,030 ($53.61). The company's stock had a trading volume of 3,643,256 shares, compared to its average volume of 17,093,193. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 216.69. Relx has a 12 month low of GBX 3,400.49 ($45.24) and a 12 month high of GBX 4,205 ($55.94). The company has a 50 day moving average of GBX 3,855.46 and a two-hundred day moving average of GBX 3,808.10. The firm has a market capitalization of £74.52 billion, a price-to-earnings ratio of 40.23, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48.

Relx (LON:REL - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported GBX 120.10 ($1.60) earnings per share for the quarter. Relx had a net margin of 20.34% and a return on equity of 56.71%. On average, analysts expect that Relx will post 134.0035675 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 4,770 ($63.46) price target on shares of Relx in a research note on Tuesday, February 18th.

Insider Buying and Selling

In other news, insider Alistair R. Cox purchased 876 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was purchased at an average cost of GBX 3,970 ($52.81) per share, with a total value of £34,777.20 ($46,264.73). Also, insider Erik Engstrom sold 7,521 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of GBX 4,060 ($54.01), for a total transaction of £305,352.60 ($406,216.04). 0.42% of the stock is currently owned by company insiders.

About Relx

RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 33,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.