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

Relx Plc (NYSE:RELX) declared a dividend on Thursday, July 23rd. Investors 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 yield of 163.0%. The ex-dividend date of this dividend is Friday, August 7th.

Relx has raised its dividend payment by an average of 0.1%annually over the last three years. Relx has a dividend payout ratio of 28.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Relx to earn $2.16 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 25.5%.

Relx Stock Up 1.9%

Shares of NYSE RELX opened at $36.84 on Wednesday. The stock has a fifty day simple moving average of $33.32 and a two-hundred day simple moving average of $33.89. Relx has a 1-year low of $27.57 and a 1-year high of $51.46. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40.

Institutional Trading of Relx

Institutional investors and hedge funds have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Relx in the fourth quarter worth $26,000. Cornerstone Planning Group LLC boosted its position in shares of Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after acquiring an additional 695 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Relx by 2,468.4% during the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after purchasing an additional 938 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in Relx by 3,040.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after purchasing an additional 760 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in Relx by 1,823.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after buying an additional 1,003 shares in the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

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.