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National Grid stock: dividend
NGGNational Grid paid $3.24 per share over the last twelve months, 3.88% on the price.
Daily figure as of 13 Nov 2026
Dividend yield over the last 12 months
3.88%
$3.24 per share over 12 months
Dividend per share 2026
$2.21
paid in fiscal 2026
50%
−$5.12
does not cover the dividend of $2.21
Raised in a row
1 year
Years with a higher annual dividend than the year before
Growth 5 years
−1%
per year, from the last twelve months, without special dividends
Growth 10 years
−0.7%
per year, from the last twelve months, without special dividends
The yield is based on the dividends per security over the last 12 months and today's price. The figures for fiscal year 2026 come from the financial statements. For this security they are in a different currency than the price or apply per ordinary share, and with an ADR one security can stand for several shares. The two figures therefore cannot be compared directly.
The dividend is covered by earnings (payout ratio 50%) but not by free cash flow. The stock page lists a weakness only when neither covers it.
Dividend dates and payments
Anyone holding the stock on the day before the ex-dividend date receives the dividend. Amounts are per share, before tax.
Last ex-dividend date
29 May 2026
$2.17, paid 23 Jul 2026
Next ex-dividend date
20 Nov 2026
$1.13, paid 12 Jan 2027
Frequency
semi-annual
All 12 payments of the last five years
| Ex-dividend date | Payment date | Dividend per share |
|---|---|---|
| 20 Nov 2026 | 12 Jan 2027 | $1.13 |
| 29 May 2026 | 23 Jul 2026 | $2.17 |
| 21 Nov 2025 | 13 Jan 2026 | $1.07 |
| 30 May 2025 | 17 Jul 2025 | $2.05 |
| 22 Nov 2024 | 14 Jan 2025 | $1.01 |
| 7 Jun 2024 | 19 Jul 2024 | $2.47 |
| 31 May 2024 | no data | $3.51 |
| 22 Nov 2023 | 11 Jan 2024 | $1.18 |
| 1 Jun 2023 | 9 Aug 2023 | $2.33 |
| 23 Nov 2022 | 11 Jan 2023 | $1.02 |
| 3 Jun 2022 | 17 Aug 2022 | $2.07 |
| 2 Dec 2021 | 19 Jan 2022 | $1.15 |
Dividend development
Dividend per share
Payout ratio
- of earnings
- of free cash flow
Figures as a table
| Year | Dividend per share | Earnings per share |
|---|---|---|
| 2007 | $1.56 | $2.97 |
| 2008 | $1.80 | $3.71 |
| 2009 | $2.37 | $2.62 |
| 2010 | $1.75 | $3.53 |
| 2011 | $1.61 | $4.06 |
| 2012 | $1.88 | $3.82 |
| 2013 | $1.50 | $4.00 |
| 2014 | $1.81 | $4.24 |
| 2015 | $2.43 | $3.86 |
| 2016 | $2.47 | $4.80 |
| 2017 | $2.70 | $4.56 |
| 2018 | $7.44 | $5.89 |
| 2019 | $2.09 | $2.73 |
| 2020 | $1.61 | $2.27 |
| 2021 | $2.26 | $3.99 |
| 2022 | $1.62 | $4.15 |
| 2023 | $2.60 | $12.66 |
| 2024 | $2.84 | $3.78 |
| 2025 | $2.12 | $4.03 |
| 2026 | $2.21 | $4.44 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = £0.7544)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 23 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.