Relx Plc (NYSE:RELX) Announces Dividend of $0.28

Relx Plc (NYSE:RELX) announced a dividend on Thursday, July 23rd. Stockholders 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 of this dividend is Friday, August 7th.

Relx has raised its dividend by an average of 0.1%per year over the last three years. Relx has a dividend payout ratio of 65.3% meaning 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 $1.26 annual dividend with an expected future payout ratio of 57.8%.

Relx Stock Up 4.4%

RELX traded up $1.45 during midday trading on Friday, hitting $34.31. 1,828,987 shares of the company were exchanged, compared to its average volume of 3,366,784. Relx has a 1-year low of $27.57 and a 1-year high of $53.29. The company’s 50 day simple moving average is $32.82 and its 200 day simple moving average is $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 announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $45.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $44.55. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $6.54 billion. Equities research analysts expect that Relx will post 1.94 earnings per share for the current fiscal year.

Key Headlines Impacting Relx

Here are the key news stories impacting Relx this week:

• Positive Sentiment: RELX posted solid first-half growth, with revenue and operating profit improving as demand for analytics and decision-making tools pushed margins higher.
• Positive Sentiment: Management increased earnings guidance and the dividend, signaling confidence in the company’s cash generation and outlook.
• Positive Sentiment: Deutsche Bank and UBS reiterated buy ratings and raised price targets after the results, citing reduced concerns that AI will disrupt RELX’s business. Article Title
• Neutral Sentiment: RELX’s scientific and legal divisions showed faster growth, which supports the company’s core information and analytics franchise. Article Title
• Neutral Sentiment: The earnings call and presentation reinforced management’s view that RELX’s AI products rely on its trusted data sets, which may help defend the business over time. Article Title

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.