Relx Plc (LON:REL) Plans Dividend Increase – GBX 41.80 Per Share

Relx Plc (LON:REL) announced a dividend on Thursday, February 15th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 2nd will be given a dividend of GBX 41.80 ($0.53) per share on Thursday, June 13th. This represents a yield of 1.25%. The ex-dividend date is Thursday, May 2nd. This is a positive change from Relx’s previous dividend of $17.00. The official announcement can be accessed at this link.

Relx Stock Up 0.5 %

LON REL opened at GBX 3,311 ($41.59) on Tuesday. Relx has a twelve month low of GBX 2,414 ($30.32) and a twelve month high of GBX 3,531.81 ($44.36). The stock has a market cap of £61.92 billion, a PE ratio of 3,503.19, a PEG ratio of 3.63 and a beta of 0.46. The firm has a 50-day simple moving average of GBX 3,381.85 and a 200 day simple moving average of GBX 3,190.84. The company has a debt-to-equity ratio of 188.92, a quick ratio of 0.45 and a current ratio of 0.52.

Insider Transactions at Relx

In related news, insider Alistair R. Cox purchased 1,630 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was acquired at an average price of GBX 3,229 ($40.56) per share, with a total value of £52,632.70 ($66,113.18). 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Berenberg Bank downgraded shares of Relx to a “hold” rating and lifted their price target for the stock from GBX 3,300 ($41.45) to GBX 3,500 ($43.96) in a research note on Friday, March 29th. JPMorgan Chase & Co. increased their target price on Relx from GBX 3,770 ($47.36) to GBX 4,100 ($51.50) and gave the stock an “overweight” rating in a report on Friday, February 16th.

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.