Relx Plc (NYSE:RELX) Raises Dividend to $0.56 Per Share

Relx Plc (NYSE:RELX) declared a semi-annual dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Friday, May 9th will be given 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 of this dividend is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23.

Relx has increased its dividend payment by an average of 4.5% annually over the last three years. Relx has a dividend payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Relx to earn $148.93 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 0.8%.

Relx Trading Down 0.4 %

NYSE RELX opened at $50.87 on Wednesday. Relx has a 12 month low of $40.25 and a 12 month high of $51.99. The stock has a 50-day simple moving average of $47.89 and a 200 day simple moving average of $47.19. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46.

Analysts Set New Price Targets

RELX has been the subject of a number of recent analyst reports. StockNews.com raised Relx from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Redburn Atlantic began coverage on shares of Relx in a report 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.