Drax Group Dividends and Buybacks
Dividend criteria checks 4/6
Drax Group is a dividend paying company with a current yield of 3.72% that is well covered by earnings.
Key information
3.7%
Dividend yield
1.5%
Buyback Yield
| Total Shareholder Yield | 5.2% |
| Future Dividend Yield | 4.7% |
| Dividend Growth | 4.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.312 |
| Payout ratio | 14% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: DRXG.Y's dividend payments have been volatile in the past 10 years.
Growing Dividend: DRXG.Y's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Drax Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DRXG.Y) | 3.7% |
| Market Bottom 25% (US) | 1.3% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Renewable Energy) | 1.9% |
| Analyst forecast (DRXG.Y) (up to 3 years) | 4.7% |
Notable Dividend: DRXG.Y's dividend (3.72%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: DRXG.Y's dividend (3.72%) is low compared to the top 25% of dividend payers in the US market (4.2%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.4%), DRXG.Y's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.7%), DRXG.Y's dividend payments are well covered by cash flows.