Relx Plc (RELX) To Go Ex-Dividend on May 8th

Relx Plc (NYSE:RELX) announced a dividend on Thursday, February 12th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.6559 per share by the technology company on Wednesday, June 24th. This represents a yield of 422.0%. The ex-dividend date of this dividend is Friday, May 8th.

Relx has raised its dividend payment by an average of 0.1%per year over the last three years. Relx has a payout ratio of 67.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Relx to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.31 annual dividend with an expected future payout ratio of 60.1%.

Relx Stock Down 0.5%

Shares of NYSE:RELX opened at $36.18 on Wednesday. The firm has a 50 day moving average of $34.39 and a 200-day moving average of $37.86. Relx has a 12 month low of $27.57 and a 12 month high of $56.33. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49.

Relx (NYSE:RELX) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $42.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $41.96. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $6.70 billion. As a group, equities research analysts expect that Relx will post 1.94 EPS for the current year.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.