On 25 July 2022, Drax Group resolved to pay an interim dividend of 8.4 pence per share (£34 million), representing 40% of the expected full year dividend of 21.0 pence per share (£84 million). This represents an 11.7% increase on 2021. The interim dividend will be paid on 7 October 2022 and the record date for entitlement to the dividend will be on 26 August 2022.
Other Financial Highlights:
Adjusted EBITDA £225 million up 21% (H1 2021: £186 million)
Strong liquidity and balance sheet - £539 million of cash and committed facilities at 30 June 2022
- Expect to be significantly below 2 times Net Debt to Adjusted EBITDA by the end of 2022
Sustainable and growing dividend - expected full year dividend up 11.7% to 21.0 p/share (2021: 18.8 p/share)
