Drax Group plc (OTCMKTS:DRXGY – Get Free Report) was down 1.8% during mid-day trading on Friday . The company traded as low as $15.67 and last traded at $15.67. Approximately 100 shares were traded during trading, a decline of 87% from the average daily volume of 754 shares. The stock had previously closed at $15.95.
Drax Group Stock Performance
The business’s 50 day moving average price is $16.52 and its 200-day moving average price is $15.32.
Drax Group Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, September 20th will be paid a $0.2245 dividend. The ex-dividend date of this dividend is Friday, September 20th. Drax Group’s dividend payout ratio (DPR) is -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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