Relx Plc (NYSE:RELX) Plans $0.23 Semi-Annual Dividend

Relx Plc (NYSE:RELX) declared a Semi-Annual dividend on Tuesday, July 23rd, Zacks reports. Stockholders of record on Friday, August 2nd will be given a dividend of 0.234 per share by the technology company on Tuesday, September 10th. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 2nd.

Relx has raised its dividend payment by an average of 6.5% annually over the last three years. Relx has a payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Relx to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.47 annual dividend with an expected future payout ratio of 27.0%.

Relx Stock Performance

Relx stock opened at $47.22 on Thursday. The firm’s fifty day moving average is $45.44 and its 200 day moving average is $43.56. Relx has a 52-week low of $31.38 and a 52-week high of $47.42. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Relx in a research report on Tuesday, June 25th. They set a “hold” rating for the company.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.