Drax Group plc (OTCMKTS:DRXGY) Raises Dividend to $0.40 Per Share

Drax Group plc (OTCMKTS:DRXGY) declared 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 Price Performance

OTCMKTS:DRXGY remained flat at $14.85 on Wednesday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 726. Drax Group has a 12-month low of $11.62 and a 12-month high of $18.00. The firm has a 50 day moving average of $15.33 and a two-hundred day moving average 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.