Drax Group plc (LON:DRX - Get Free Report) announced a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Investors of record on Thursday, April 24th will be given a dividend of GBX 15.60 ($0.21) per share on Friday, May 16th. This represents a yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 50.0% increase from Drax Group's previous dividend of $10.40. The official announcement can be accessed at this link.
Drax Group Stock Performance
DRX stock traded up GBX 15.50 ($0.21) during trading hours on Friday, hitting GBX 597.50 ($7.96). 707,610 shares of the stock were exchanged, compared to its average volume of 2,690,417. Drax Group has a 12 month low of GBX 481.40 ($6.41) and a 12 month high of GBX 692 ($9.21). The company has a current ratio of 1.26, a quick ratio of 0.32 and a debt-to-equity ratio of 64.11. The firm has a market capitalization of £2.19 billion, a P/E ratio of 3.54, a P/E/G ratio of 0.10 and a beta of 1.22. The company has a 50-day simple moving average of GBX 584.14 and a two-hundred day simple moving average of GBX 620.12.
Drax Group (LON:DRX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported GBX 128.40 ($1.71) EPS for the quarter. Drax Group had a net margin of 9.42% and a return on equity of 31.63%. On average, analysts forecast that Drax Group will post 97.4732006 earnings per share for the current fiscal year.
Insider Buying and Selling at Drax Group
In other Drax Group news, insider Will Gardiner sold 114,917 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of GBX 574 ($7.64), for a total value of £659,623.58 ($878,327.00). Insiders own 0.67% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on DRX. Citigroup reiterated a "sell" rating and issued a GBX 529 ($7.04) price target on shares of Drax Group in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on Drax Group from GBX 850 ($11.32) to GBX 900 ($11.98) and gave the stock an "overweight" rating in a research note on Tuesday, February 11th.
Check Out Our Latest Stock Analysis on Drax Group
Drax Group Company Profile
(
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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.
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