Drax Group Stock Dividends
DRX.L pays dividends biannually. Last paid amount was £12.60 at May 19, 2023. As of today, dividend yield (TTM) is 2.68%.
Dividend Yield Range
AI Analysis of DRX.L
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 2.68% |
|---|---|
| Frequency | Biannually |
| 1Y Growth | 0% |
| Payout Ratio | 0 |
| Amount Per Share | £13.90 |
| Next Ex-Dividend Date | Apr 18, 2024 |
| Next Payment Date | May 17, 2024 |
DRX Dividend Payout History
To ensure a understanding of DRX's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 17, 2024 | £13.90 | 2.70% |
| 2 | Feb 23, 2023 | Apr 20, 2023 | May 19, 2023 | £12.60 | 2.02% |
| 3 | Jul 26, 2022 | Aug 25, 2022 | Oct 07, 2022 | £8.40 | 1.50% |
| 4 | Feb 24, 2022 | Apr 28, 2022 | May 13, 2022 | £11.30 | 1.51% |
| 5 | Jul 29, 2021 | Aug 26, 2021 | Oct 08, 2021 | £7.50 | 1.47% |
| 6 | Feb 25, 2021 | Apr 22, 2021 | May 14, 2021 | £10.30 | 2.40% |
| 7 | Jul 29, 2020 | Aug 20, 2020 | Oct 02, 2020 | £6.80 | 2.52% |
| 8 | Feb 27, 2020 | Apr 23, 2020 | May 15, 2020 | £9.50 | 4.78% |
| 9 | Jul 24, 2019 | Sep 19, 2019 | Oct 11, 2019 | £6.40 | 2.18% |
| 10 | Feb 26, 2019 | Apr 18, 2019 | May 10, 2019 | £8.50 | 2.61% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Growth potential
DRX Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from DRX dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in DRX stock here.
Comparing DRX to Sector and Country
DRX.L pays a solid dividend yield of 2.68%, which is higher than the average of the bottom 25% of dividend payers in the UK market (1.32%). DRX.L’s dividend yield is lower than the average of the top 25% of dividend payers in the Utilities sector in the UK market (6.06%), which means that there are more attractive dividend stocks to consider.
