Relx Plc (RELX) To Go Ex-Dividend on August 7th

Relx Plc (NYSE:RELX) declared a dividend on Thursday, July 23rd. Shareholders of record on Friday, August 7th will be given 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 is Friday, August 7th.

Relx has raised its dividend 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. 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 Price Performance

Shares of NYSE RELX opened at $34.37 on Friday. Relx has a 1 year low of $27.57 and a 1 year high of $53.29. The firm has a fifty day moving average price of $32.86 and a 200-day moving average price of $34.23. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44.

Relx (NYSE:RELX) last released its earnings results on Thursday, July 23rd. The technology company reported $45.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $44.55. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Analysts anticipate that Relx will post 1.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RELX. Weiss Ratings downgraded Relx from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating for the company. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Morgan Stanley cut shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Relx presently has a consensus rating of “Moderate Buy”.

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.