Drax Group plc (OTCMKTS:DRXGY) Declares Dividend Increase – $0.31 Per Share

Drax Group plc (OTCMKTS:DRXGY) announced a dividend on Thursday, March 21st, NASDAQ reports. Investors of record on Friday, April 19th will be paid a dividend of 0.3105 per share on Monday, June 3rd. The ex-dividend date is Thursday, April 18th. This is a boost from Drax Group’s previous dividend of $0.16.

Drax Group Stock Down 5.6 %

Shares of DRXGY stock opened at $12.71 on Wednesday. Drax Group has a fifty-two week low of $9.74 and a fifty-two week high of $15.28. The stock’s 50-day moving average is $11.25 and its two-hundred day moving average is $11.21.

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.