Drax Group plc (OTCMKTS:DRXGY – Get Free Report)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.39 and traded as low as $16.30. Drax Group shares last traded at $16.30, with a volume of 28 shares.
Drax Group Stock Performance
The stock’s 50 day moving average price is $16.39 and its 200 day moving average price is $14.35.
Drax Group Cuts Dividend
The business also recently declared a dividend, which will be paid on Tuesday, November 12th. Investors of record on Friday, September 20th will be given a dividend of $0.2245 per share. The ex-dividend date is Friday, September 20th. Drax Group’s dividend payout ratio (DPR) is presently -53.33%.
Drax Group Company Profile
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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