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National Grid announce an interim dividend of 16.57p per share, in line with policy

Investment Tools Ltd.
National Grid announce an interim dividend of 16.57p per share, in line with policy

The Board has approved an interim dividend of 16.57p per ordinary share ($1.0673 per American Depositary Share). This represents 35% of the total dividend per share of 47.34p in respect of the last financial year to 31 March 2019 and is in line with the Group's dividend policy. The interim dividend is expected to be paid on 15 January 2020 to shareholders on the register as at 29 November 2019.

Other financial highlights include:

The Group's dividend policy is to aim to grow the ordinary dividend per share at least in line with the rate of UK RPI inflation each year for the foreseeable future.

Underlying operating profit up 1% to £1.3bn due to increase in US Regulated profits (statutory operating profit down 1% to £1.0bn reflecting adverse timing)

Underlying EPS up 2% to 20.0p, due to a US tax settlement relating to prior periods 

Statutory EPS of 11.3p, down 11% reflecting adverse mark to market remeasurements

Capital investment £2.7bn up 28% driven by increase in US capital spend and £0.2bn Geronimo acquisition

Companies mentioned

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