On 25 July 2024, the Drax Group Board resolved to pay an interim dividend of 10.4 pence per share, representing 40% of the expected full year dividend. The interim dividend will be paid on 25 October 2024 and the record date for entitlement to the dividend will be on 20 September 2024.
Other financial highlights include:
Adj. EBITDA growth driven by renewable generation, pellet production and Industrial & Commercial (I&C)
Strong liquidity and balance sheet
£515 million of cash and committed facilities at 30 June 2024
£682 million of new facilities maturing 2027-2029 and repayment of £949 million of shorter dated maturities
Sustainable and growing dividend - expected full year dividend up 12.6% to 26.0 p/share (2023: 23.1 p/share)
Up to £300 million two-year share buyback to commence in Q3 2024
