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. Investors 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 1.7%. The ex-dividend date of this dividend is Friday, August 8th.

Relx has a payout ratio of 58.0% meaning its dividend is sufficiently covered by earnings. Equities 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 1.7%

RELX traded down $0.92 during mid-day trading on Monday, hitting $51.81. 1,299,249 shares of the stock were exchanged, compared to its average volume of 782,061. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The company has a market cap of $95.16 billion, a PE ratio of 27.85, a PEG ratio of 3.44 and a beta of 0.83. The firm's fifty day moving average is $53.64 and its two-hundred day moving average is $51.41. Relx has a 1-year low of $43.45 and a 1-year high of $56.33.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wall Street Zen raised Relx from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in shares of Relx by 60.2% in the first quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company's stock valued at $720,000 after buying an additional 5,374 shares in the last quarter. Focus Partners Wealth raised its holdings in Relx by 5.1% during the first quarter. Focus Partners Wealth now owns 10,757 shares of the technology company's stock worth $542,000 after purchasing an additional 522 shares during the last quarter. Millennium Management LLC raised its holdings in Relx by 51.4% during the first quarter. Millennium Management LLC now owns 275,566 shares of the technology company's stock worth $13,891,000 after purchasing an additional 93,610 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Relx by 17.1% during the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company's stock worth $3,207,000 after purchasing an additional 9,287 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company's stock.

About Relx

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.

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