Relx Plc Plans Dividend of $0.66 (NYSE:RELX)

Relx Plc (NYSE:RELX) declared a dividend on Thursday, February 12th. Shareholders of record on Friday, May 8th will be given 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 is Friday, May 8th.

Relx has increased its dividend payment by an average of 0.1%per year over the last three years. Relx has a payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Relx to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 27.7%.

Relx Stock Performance

NYSE:RELX traded up $2.27 on Friday, reaching $31.08. 8,402,823 shares of the company’s stock were exchanged, compared to its average volume of 4,103,947. Relx has a 52-week low of $27.57 and a 52-week high of $56.33. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The business has a fifty day moving average of $38.67 and a 200-day moving average of $43.24.

Relx (NYSE:RELX) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $6.70 billion. Equities analysts predict that Relx will post 1.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Relx

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. raised its stake in Relx by 9.8% during the 2nd quarter. American Century Companies Inc. now owns 462,477 shares of the technology company’s stock worth $25,131,000 after acquiring an additional 41,207 shares in the last quarter. ABC Arbitrage SA grew its holdings in shares of Relx by 13.7% during the third quarter. ABC Arbitrage SA now owns 637,699 shares of the technology company’s stock worth $30,457,000 after purchasing an additional 76,741 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Relx during the second quarter worth about $2,878,000. SCS Capital Management LLC increased its position in shares of Relx by 341.1% during the second quarter. SCS Capital Management LLC now owns 238,768 shares of the technology company’s stock worth $12,975,000 after purchasing an additional 184,643 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in shares of Relx in the 2nd quarter valued at about $11,649,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

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.