The next National Grid Plc dividend went ex 1 month ago for 32p and will be paid in 12 days.
The previous National Grid Plc dividend was 16.57p and it went ex 8 months ago and it was paid 7 months ago.
There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 1.2.
Country:
United Kingdom
Exchange:
London Stock Exchange
Sector:
Electricity
Previous Dividend
Next Dividend
Status:
Paid
Declared
Type:
Interim
Final
Per Share:
16.57p
32p
Ex-div Date:
Thu 28 Nov 2019
Thu 02 Jul 2020
Pay Date:
Wed 15 Jan 2020
Wed 19 Aug 2020
Your Holding:
100 shares
100 shares
Your Payment:
£16.57
£32.00
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National Grid Plc
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National Grid runs the electricity wires across Great Britain and Northern Ireland while National Grid Gas, previously known Transco and formerly part of British Gas, runs the UK's gas pipe network. The company also owns generator Niagara Mohawk in the US.
Please note that the special dividend of 2nd June 2017 comes with a share consolidation.
The National Grid Board has recommended an increase in the final dividend to 32.0 pence per ordinary share ($2.0126 per American Depositary Share) which will be paid to shareholders on the register as at 3 July 2020. If approved, this will bring the full year dividend to 48.57 pence per ordinary share, an increase of 2.6% over the 47.34 pence per ordinary share in respect of the financial year ending 31 March 2019. This rise is in line with the increase in UK RPI for the twelve months to 31 March 2020 as set out in the policy announcement of 28 March 2013.
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.
Steve Holliday, Chief Executive, said: "Our business has delivered a strong performance in the first half of the year while maintaining high standards of safety and reliability for our customers and increasing our level of investment. Headline profits have benefited from an excellent performance from our interconnectors and property activities, which are strongly weighted towards the first half."
Steve Holliday, Chief Executive, said: "National Grid delivered another successful year. Overall, our businesses achieved a strong operating performance and we developed new strategic growth opportunities in transmission and interconnection. We invested around £3.5bn in essential infrastructure during another year of strong network reliability, safety and resilience. Effective regulation continues to drive efficient investment. In the UK, for example, savings generated in the first two years of the RIIO price controls will reduce future customer bills by around £200m."
Steve Holliday, Chief Executive, said:"I am pleased with the solid start we have made to the year, in line with our expectations overall both operationally and financially. We continue to invest efficiently in essential regulated assets on both sides of the Atlantic, providing our customers with reliable networks while generating value and driving growth. The new eight-year price controls, covering our principal UK regulated activities, and the recent rate case settlements in the US provide us with the long-term framework and clarity to continue to invest for the future."
Recent falls in the market make it easier to choose a dividend of the week as yields have risen across the board. However markets have a habit of pushing beyond what you think is reasonable so once again, as has been the case with most of our recent dividends of the week, we will err on the side of caution. This week we are looking at National Grid. The shares have been hit very hard in the recent market falls, which is unusual for a safe haven stock. Having said that they also recently went ex-dividend on June 5th, which would account for 26p of the fall. The shares have fallen sharply from 847p to 712p and are not that far above their 52 week low.
10.0%
(5.5%)
