Drax Group plc Declares Dividend of GBX 10.40 (LON:DRX)

Drax Group plc (LON:DRX) announced a dividend on Friday, July 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 19th will be given a dividend of GBX 10.40 ($0.13) per share on Friday, October 25th. This represents a yield of 1.84%. The ex-dividend date is Thursday, September 19th. The official announcement can be viewed at this link.

Drax Group Price Performance

Shares of DRX opened at GBX 640 ($8.28) on Friday. The stock has a market cap of £2.47 billion, a P/E ratio of 455.04, a price-to-earnings-growth ratio of 0.10 and a beta of 1.15. Drax Group has a 1 year low of GBX 395.20 ($5.11) and a 1 year high of GBX 657.50 ($8.50). The stock’s 50-day moving average price is GBX 525.45 and its two-hundred day moving average price is GBX 502.46. The company has a current ratio of 1.12, a quick ratio of 0.32 and a debt-to-equity ratio of 78.72.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DRX. Citigroup restated a “sell” rating and set a GBX 434 ($5.61) price objective on shares of Drax Group in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Drax Group in a research report on Friday, July 5th.

About Drax Group

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.