Drax Group plc (OTCMKTS:DRXGY) Plans Dividend of $0.40

Drax Group plc (OTCMKTS:DRXGY) announced a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Friday, April 25th will be given a dividend of 0.4039 per share on Monday, June 2nd. The ex-dividend date is Friday, April 25th. This is a 79.9% increase from Drax Group’s previous dividend of $0.22.

Drax Group Stock Performance

DRXGY remained flat at $14.85 during trading hours on Wednesday. 50 shares of the company traded hands, compared to its average volume of 726. Drax Group has a fifty-two week low of $11.62 and a fifty-two week high of $18.00. The firm has a fifty day moving average price of $15.33 and a 200-day moving average price of $15.96.

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.