Drax Group plc (DRX) To Go Ex-Dividend on April 24th

Drax Group plc (LON:DRX) declared 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 viewed at this link.

Drax Group Price Performance

Shares of LON:DRX opened at GBX 583 ($7.80) on Tuesday. The company has a debt-to-equity ratio of 64.11, a current ratio of 1.26 and a quick ratio of 0.32. Drax Group has a one year low of GBX 481.40 ($6.44) and a one year high of GBX 692 ($9.26). The company’s fifty day moving average price is GBX 587.41 and its 200-day moving average price is GBX 621.57. The firm has a market capitalization of £2.14 billion, a price-to-earnings ratio of 3.46, a PEG ratio of 0.10 and a beta of 1.22.

Drax Group (LON:DRX) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 128.40 ($1.72) earnings per share (EPS) for the quarter. Drax Group had a net margin of 9.42% and a return on equity of 31.63%. On average, equities research analysts anticipate that Drax Group will post 97.4732006 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup reissued a “sell” rating and issued a GBX 529 ($7.08) price objective on shares of Drax Group in a report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of Drax Group from GBX 850 ($11.37) to GBX 900 ($12.04) and gave the stock an “overweight” rating in a research note on Tuesday, February 11th.

Insider Buying and Selling at Drax Group

In other news, insider Will Gardiner sold 114,917 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of GBX 574 ($7.68), for a total transaction of £659,623.58 ($882,675.74). Corporate insiders own 0.67% of the company’s stock.

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.