Drax Group Dividends and Buybacks
Dividend criteria checks 4/6
Drax Group is a dividend paying company with a current yield of 3.64% that is well covered by earnings.
Key information
3.6%
Dividend yield
1.5%
Buyback Yield
| Total Shareholder Yield | 5.1% |
| Future Dividend Yield | 5.2% |
| Dividend Growth | 4.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | UK£0.243 |
| Payout ratio | 14% |
Recent dividend and buyback updates
Recent updates
Is Now The Time To Put Drax Group (LON:DRX) On Your Watchlist?
Dec 20
Drax Group plc's (LON:DRX) Earnings Are Not Doing Enough For Some Investors
Nov 20Drax Group (LON:DRX) Seems To Use Debt Quite Sensibly
Sep 24What Is Drax Group plc's (LON:DRX) Share Price Doing?
Aug 31Drax Group plc (LON:DRX) Surges 31% Yet Its Low P/E Is No Reason For Excitement
Jul 29What Does Drax Group plc's (LON:DRX) Share Price Indicate?
Apr 24Here's Why Drax Group (LON:DRX) Has A Meaningful Debt Burden
Apr 09Calculating The Intrinsic Value Of Drax Group plc (LON:DRX)
Feb 07Drax Group plc (LON:DRX) Doing What It Can To Lift Shares
Dec 24Drax Group plc (LON:DRX) Shares Could Be 23% Below Their Intrinsic Value Estimate
Oct 24Should You Investigate Drax Group plc (LON:DRX) At UK£5.20?
Sep 20Here's Why Drax Group (LON:DRX) Has A Meaningful Debt Burden
Aug 18Time To Worry? Analysts Just Downgraded Their Drax Group plc (LON:DRX) Outlook
Jul 30Estimating The Intrinsic Value Of Drax Group plc (LON:DRX)
Jul 20If EPS Growth Is Important To You, Drax Group (LON:DRX) Presents An Opportunity
Jun 28The Price Is Right For Drax Group plc (LON:DRX)
May 27Is Drax Group (LON:DRX) Using Too Much Debt?
Apr 02Should You Think About Buying Drax Group plc (LON:DRX) Now?
Jan 20Drax Group (LON:DRX) Has A Somewhat Strained Balance Sheet
Dec 16At UK£6.91, Is It Time To Put Drax Group plc (LON:DRX) On Your Watch List?
Sep 19Drax Group (LON:DRX) Takes On Some Risk With Its Use Of Debt
Aug 24Analysts' Revenue Estimates For Drax Group plc (LON:DRX) Are Surging Higher
Jul 28Drax Group plc (LON:DRX) Shares Could Be 35% Above Their Intrinsic Value Estimate
Jul 15Is Drax Group plc (LON:DRX) Potentially Undervalued?
May 22Is Drax Group (LON:DRX) Using Too Much Debt?
Mar 30We Think Drax Group's (LON:DRX) Profit Is Only A Baseline For What They Can Achieve
Mar 03Drax Group (LON:DRX) Has A Somewhat Strained Balance Sheet
Dec 09Is Drax Group (LON:DRX) A Risky Investment?
Aug 27Is Now The Time To Look At Buying Drax Group plc (LON:DRX)?
May 12Here's Why Drax Group (LON:DRX) Can Manage Its Debt Responsibly
Apr 15Stability and Growth of Payments
Fetching dividends data
Stable Dividend: DRX's dividend payments have been volatile in the past 10 years.
Growing Dividend: DRX's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Drax Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DRX) | 3.6% |
| Market Bottom 25% (GB) | 2.2% |
| Market Top 25% (GB) | 5.8% |
| Industry Average (Renewable Energy) | 4.1% |
| Analyst forecast (DRX) (up to 3 years) | 5.2% |
Notable Dividend: DRX's dividend (3.64%) is higher than the bottom 25% of dividend payers in the UK market (2.16%).
High Dividend: DRX's dividend (3.64%) is low compared to the top 25% of dividend payers in the UK market (5.78%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.4%), DRX's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.4%), DRX's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/07 20:02 |
| End of Day Share Price | 2025/01/07 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Drax Group plc is covered by 34 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Myriam Cohen | AlphaValue |
| Mark Hives | Barclays |
| Dominic Nash | Barclays |