Drax Group Dividend
Dividend criteria checks 4/6
Drax Group is a dividend paying company with a current yield of 4.55% that is well covered by earnings.
Key information
4.6%
Dividend yield
16%
Payout ratio
Industry average yield | 3.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | UK£1.45 |
Dividend yield forecast in 3Y | 5.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: DRXL's dividend payments have been volatile in the past 10 years.
Growing Dividend: DRXL's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Drax Group Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (DRXL) | 4.6% |
Market Bottom 25% (GB) | 2.0% |
Market Top 25% (GB) | 5.7% |
Industry Average (Renewable Energy) | 3.7% |
Analyst forecast in 3 Years (DRXL) | 5.8% |
Notable Dividend: DRXL's dividend (4.55%) is higher than the bottom 25% of dividend payers in the UK market (2.05%).
High Dividend: DRXL's dividend (4.55%) is low compared to the top 25% of dividend payers in the UK market (5.59%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (16.2%), DRXL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.6%), DRXL's dividend payments are well covered by cash flows.