Reed Elsevier plc Announces Special Dividend of $1.02 (RUK)
Reed Elsevier plc (NYSE:RUK) declared a special dividend on Tuesday, March 12th. Shareholders of record on Friday, May 3rd will be given a dividend of $1.02 per share on Thursday, May 30th. The ex-dividend date of this dividend is Wednesday, May 1st.
A number of research firms have also recently commented on RUK. Analysts at HSBC downgraded shares of Reed Elsevier plc from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, February 12th. Analysts at Zacks downgraded shares of Reed Elsevier plc from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, December 14th. They now have a $44.60 price target on the stock.
Twelve analysts have rated the stock with a buy rating, three have assigned an overweight rating, four have assigned a hold rating, three have given an underweight rating, and two have issued a sell rating to the company’s stock. Reed Elsevier plc currently has a consensus rating of “overweight” and an average target price of $44.51.
Reed Elsevier plc (RUK) traded up 0.36% on Tuesday, hitting $44.04. Reed Elsevier plc (RUK) has a 1-year low of $28.66 and a 1-year high of $45.01. The stock’s 50-day moving average is currently $43.44. The company has a market cap of $13.064 billion and a price-to-earnings ratio of 15.03.
Reed Elsevier plc (Reed Elsevier) is a publisher and information provider. The Company is organized in four business segments: Elsevier, comprising scientific, technical and medical publishing; LexisNexis, providing legal, tax, regulatory, risk information and analytics, and business information solutions to professional, business and government customers; Reed Exhibitions, organizing trade exhibitions and conferences, and Reed Business Information, providing information and marketing solutions to business professionals.
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