Relx Plc (LON:REL) Raises Dividend to GBX 448 Per Share

Relx Plc (LON:REL) announced a dividend on Thursday, February 13th, DividendData.Co.Uk reports. Investors of record on Thursday, May 8th will be given a dividend of GBX 448 ($5.96) per share on Thursday, June 19th. This represents a yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 8th. This is a 2,361.5% increase from Relx’s previous dividend of $18.20. The official announcement can be accessed at this link.

Relx Stock Performance

LON REL opened at GBX 4,109 ($54.62) on Tuesday. Relx has a 52-week low of GBX 3,386 ($45.01) and a 52-week high of GBX 4,205 ($55.90). The company has a 50-day simple moving average of GBX 3,835.18 and a 200 day simple moving average of GBX 3,797.67. The company has a market capitalization of £75.98 billion, a PE ratio of 41.02, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The company has a debt-to-equity ratio of 216.69, a quick ratio of 0.45 and a current ratio of 0.48.

Relx (LON:REL) last issued its quarterly earnings data on Thursday, February 13th. The company reported GBX 120.10 ($1.60) earnings per share (EPS) for the quarter. Relx had a return on equity of 56.71% and a net margin of 20.34%. On average, research analysts predict that Relx will post 134.0035675 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 4,770 ($63.41) price target on shares of Relx in a research report on Tuesday, February 18th.

Insider Transactions at Relx

In other Relx news, insider Erik Engstrom sold 7,521 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of GBX 4,060 ($53.97), for a total transaction of £305,352.60 ($405,892.06). Also, insider Alistair R. Cox purchased 876 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were bought at an average cost of GBX 3,970 ($52.77) per share, for a total transaction of £34,777.20 ($46,227.83). Corporate insiders own 0.42% of the company’s stock.

About Relx

RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 33,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.