Drax Group Plc (LON:DRX) announced a dividend on Tuesday, July 26th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 2.10 ($0.03) per share on Friday, October 7th. This represents a yield of 0.61%. The ex-dividend date is Thursday, September 22nd. This is an increase from Drax Group Plc’s previous dividend of $0.60. The official announcement can be viewed at this link.

A number of equities research analysts recently commented on DRX shares. Citigroup Inc. lowered shares of Drax Group Plc to a “sell” rating in a report on Wednesday, August 3rd. HSBC upgraded shares of Drax Group Plc to a “hold” rating in a report on Friday, August 12th. JPMorgan Chase & Co. upped their price target on shares of Drax Group Plc from GBX 350 ($4.57) to GBX 370 ($4.83) and gave the company a “neutral” rating in a report on Thursday, July 28th. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 415 ($5.42) price target on shares of Drax Group Plc in a report on Thursday, September 8th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 250 ($3.26) price target on shares of Drax Group Plc in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Drax Group Plc presently has a consensus rating of “Hold” and an average price target of GBX 280.69 ($3.66).

Shares of Drax Group Plc (LON:DRX) opened at 316.60 on Wednesday. The stock’s market capitalization is GBX 1.29 billion. Drax Group Plc has a 12 month low of GBX 205.10 and a 12 month high of GBX 363.90. The company’s 50-day moving average is GBX 312.63 and its 200 day moving average is GBX 308.48.

About Drax Group Plc

Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company operates through three segments: Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market.

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