National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain's electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides electricity and gas distribution, and electricity transmission services in New York. It also engages in the provision of transmission services through electricity interconnectors and LNG importation at the Isle of Grain; sale of renewables projects; and leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.
National Grid Dividend Announcement
• National Grid announced a semi annually dividend of $2.49 per ordinary share which will be made payable on 2024-07-19. Ex dividend date: 2024-06-07
• National Grid annual dividend for 2024 was $2.49
• National Grid annual dividend for 2023 was $3.54
• National Grid's trailing twelve-month (TTM) dividend yield is 4.42%
• National Grid's payout ratio for the trailing twelve months (TTM) is 75.02%
• National Grid's dividend growth over the last five years (2018-2023) was 2.51% year
• National Grid's dividend growth over the last ten years (2013-2023) was 0.19% year
National Grid Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-07 | $2.49 | semi annually | 2024-07-19 |
2023-11-22 | $1.19 | semi annually | 2024-01-11 |
2023-06-01 | $2.35 | semi annually | 2023-08-09 |
2022-11-23 | $1.02 | semi annually | 2023-01-11 |
2022-06-03 | $2.07 | semi annually | 2022-08-17 |
2021-12-02 | $1.15 | semi annually | 2022-01-19 |
2021-06-03 | $2.28 | semi annually | 2021-08-18 |
2020-11-25 | $1.13 | semi annually | 2021-01-13 |
2020-07-01 | $2.01 | semi annually | 2020-08-19 |
2019-11-27 | $1.07 | semi annually | 2020-01-15 |
2019-05-30 | $2.03 | semi annually | 2019-08-14 |
2018-11-21 | $1.06 | semi annually | 2019-01-09 |
2018-05-31 | $2.06 | semi annually | 2018-08-15 |
2017-11-22 | $1.02 | semi annually | 2018-01-10 |
2017-05-31 | $1.89 | semi annually | 2017-08-16 |
2017-05-22 | $4.97 | semi annually | 2017-06-02 |
2016-11-22 | $1.03 | semi annually | 2017-01-11 |
2016-06-01 | $2.23 | semi annually | 2016-08-10 |
2015-11-24 | $1.24 | semi annually | 2016-01-13 |
2015-06-03 | $2.39 | semi annually | 2015-08-05 |
2014-11-19 | $1.28 | semi annually | 2015-01-07 |
2014-07-29 | $2.29 | semi annually | 2014-08-20 |
2013-12-04 | $1.28 | semi annually | 2014-01-22 |
2013-06-05 | $2.19 | semi annually | 2013-08-21 |
National Grid Dividend per year
National Grid Dividend growth
National Grid Dividend Yield
National Grid current trailing twelve-month (TTM) dividend yield is 4.42%. Interested in purchasing National Grid stock? Use our calculator to estimate your expected dividend yield:
National Grid Financial Ratios
National Grid Dividend FAQ
Other factors to consider when evaluating National Grid as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: National Grid's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, National Grid publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, National Grid distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from National Grid are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: National Grid sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, National Grid distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: National Grid declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of National Grid's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review National Grid's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.