Drax Group Plc (LON:DRX) declared a dividend on Wednesday, July 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 20th will be given a dividend of GBX 6.80 ($0.08) per share on Friday, October 2nd. This represents a yield of 2.47%. The ex-dividend date of this dividend is Thursday, August 20th. The official announcement can be accessed at this link.
Shares of Drax Group stock opened at GBX 275.80 ($3.39) on Thursday. Drax Group has a 52-week low of GBX 2.52 ($0.03) and a 52-week high of GBX 364.60 ($4.49). The stock has a market capitalization of $1.09 billion and a price-to-earnings ratio of 2,758.00. The company has a fifty day moving average of GBX 249.01 and a 200-day moving average of GBX 235.63. The company has a debt-to-equity ratio of 74.48, a quick ratio of 0.73 and a current ratio of 1.28.
In other news, insider Andy Skelton purchased 60,902 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was acquired at an average price of GBX 272 ($3.35) per share, with a total value of £165,653.44 ($203,856.07). Also, insider Will Gardiner sold 20,798 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of GBX 195 ($2.40), for a total transaction of £40,556.10 ($49,909.06).
About Drax Group
Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity. The company operates through three segments: Power Generation, Pellet Production, and B2B Energy Supply. It produces low carbon and renewable electricity; and provides system support services to the grid from a portfolio of biomass, hydro, gas, and coal technologies.
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