Relx Plc (NYSE:RELX) Plans $0.28 Dividend

Relx Plc (NYSE:RELX) announced a dividend on Thursday, July 23rd. Stockholders of record on Friday, August 7th will be paid a dividend of 0.2785 per share by the technology company on Tuesday, September 15th. This represents a dividend yield of 163.0%. The ex-dividend date of this dividend is Friday, August 7th.

Relx has increased its dividend payment by an average of 0.1%annually over the last three years. Relx has a dividend payout ratio of 65.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Relx to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 57.8%.

Relx Stock Up 4.1%

Shares of Relx stock traded up $1.35 during midday trading on Friday, hitting $34.21. The company had a trading volume of 1,740,848 shares, compared to its average volume of 3,366,097. Relx has a 52-week low of $27.57 and a 52-week high of $53.29. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The company has a 50 day moving average of $32.82 and a 200 day moving average of $34.23.

Relx (NYSE:RELX) last released its earnings results on Wednesday, July 22nd. The technology company reported $45.44 EPS for the quarter, topping the consensus estimate of $0.89 by $44.55. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $6.54 billion. On average, research analysts forecast that Relx will post 1.94 EPS for the current year.

Relx Company Profile

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.