Drax Group announce a total dividend increased 11.7% to 21.0 pence per share

DividendMax Ltd.

Drax Group announce a total dividend increased 11.7% to 21.0 pence per share

Drax Group announce a total dividend increased 11.7% to 21.0 pence per share (2021: 18.8 pence per share) and a proposed final dividend of 12.6 pence per share (2021: 11.3 pence per share)

Other financial highlights include:

Adjusted EBITDA of £731 million up 84% (2021: £398 million)

Strong liquidity and balance sheet - £698 million of cash and committed facilities at 31 December 2022

1.6x Net debt to Adjusted EBITDA - significantly below 2x target

Companies mentioned