Relx Plc Plans Semi-annual Dividend of $0.26 (NYSE:RELX)

Key Points

• Relx Plc has announced a semi-annual dividend of $0.2634 per share, set to be paid on September 16th, with an ex-dividend date of August 8th, representing a yield of 1.7%.
• The company maintains a payout ratio of 58.0%, indicating that its dividend is well-supported by earnings, with expectations to earn $1.88 per share next year.
• Several analysts have upgraded their ratings on Relx, with the consensus currently being a "Buy" across multiple reports, reflecting positive investor sentiment.

Relx Plc (NYSE:RELX - Get Free Report) declared a semi-annual dividend on Monday, July 28th, Wall Street Journal reports. Shareholders of record on Friday, August 8th will be given a dividend of 0.2634 per share by the technology company on Tuesday, September 16th. This represents a yield of 170.0%. The ex-dividend date is Friday, August 8th.

Relx has a dividend payout ratio of 58.0% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 0.6%

Shares of RELX traded down $0.31 on Friday, hitting $51.58. 238,227 shares of the stock traded hands, compared to its average volume of 789,636. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $94.73 billion, a P/E ratio of 27.74, a P/E/G ratio of 3.38 and a beta of 0.83. The stock's 50 day moving average is $53.38 and its two-hundred day moving average is $51.50. Relx has a 1 year low of $43.45 and a 1 year high of $56.33.

Analysts Set New Price Targets

A number of research analysts have recently commented on RELX shares. Wall Street Zen raised shares of Relx from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Relx presently has an average rating of "Buy".

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.