RELX Shares Soar 1.20% on Dividend Hike, Buyback Plan
RELX(RELX) shares surged to a record high today, with an intraday gain of 1.20%.
RELX PLC's board proposed a 7% increase in the annual dividend and announced a substantial £1.5 billion share buyback program for 2025, which positively impacted the stock price. This move is seen as a strong signal of the company's confidence in its future prospects and its commitment to returning value to shareholders.
RELX confirmed its full-year outlook and reported a strong start to 2025 across its four key segments. This positive momentum has contributed to expectations of strong growth in revenue, operating profit, and earnings per share. The company's performance across its key segments has been particularly noteworthy, with all areas showing positive momentum and being on track to meet or exceed expectations.
A bullish first-quarter update revealed strong growth in analytics tools, with all business segments showing positive momentum and being on track. This update has further supported the stock's upward trend, as investors have responded positively to the company's strong performance and optimistic outlook. The company's analytics tools have been a key driver of growth, and the strong performance in this area has been particularly encouraging for investors.
