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. Shareholders 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 yield of 1.6%. The ex-dividend date is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23.

Relx has raised its dividend by an average of 4.5% per year over the last three years. Relx has a dividend payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Down 0.4 %

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

Analysts Set New Price Targets

RELX has been the subject of several recent research reports. Redburn Atlantic began coverage on Relx in a research report on Wednesday, January 8th. They set a “buy” rating for the company. StockNews.com raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Friday, February 14th.

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.