National Grid increases its 2016 full year dividend by 1.1%

DividendMax Ltd.

National Grid increases its 2016 full year dividend by 1.1%

Highlights

Adjusted operating profit of £4.1bn, up 6%

Adjusted earnings per share of 63.5p, up 10%

Group Return on Equity of 12.3% (2015: 11.8%)

Total investment of £3.9bn, up from £3.5bn, driving regulated asset base growth of 4%

Solid UK performance, generating savings of over £330m for customers in the first 3 years of RIIO

Good progress with significant rate filings in New York and Massachusetts

Strong year in Other activities led by interconnector and property performance

Value Added of £1.8bn or 47.6p per share

Recommended full year dividend up 1.1% to 43.34p (2015: 42.87p)

Companies mentioned