National Grid plc

NG.L|Utilities|Utilities - Regulated Electric|£12.32|P/E 20.6|MCap 61.3B|LSE

Last update: Mar 25, 2026 at 04:53

About National Grid plc

National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain. The Other segment engages in the 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.

Dividend Overview

Dividend Yield

3.83%

Annual Dividend

£0.47

Frequency

Semi-Annual

Payout Ratio

78.26%

FCF Payout Ratio

61.21%

Stock Price

£12.32

52-Week Range

£9.50 – £14.29

Dividend Health Score

Safe

Dividend Health Assessment

NG.L's dividend appears safe and well-supported. Strengths include a 78.3% earnings payout ratio & 30.8% cfo payout ratio. Areas of concern: 1.0x current ratio & 7.9% return on equity. As a utility, higher payout ratios and leverage are typical for this regulated sector.

Based on 15 of 15 metrics

Payout & Coverage

Safe

Earnings Payout Ratio

78.3%Safe

FCF Payout Ratio

61.2%Caution

CFO Payout Ratio

30.8%Safe

Interest Coverage

3.0xCaution

Balance Sheet

Caution

Net Debt / Total Assets

43.4%Caution

Current Ratio

1.0xWarning

Debt-to-Equity

123.4Safe

Profitability

Caution

Return on Equity

7.9%Warning

Operating Margin

24.1%Safe

Gross Margin

77.4%Very Safe

Profit Margin Stability

VolatileWarning

Dividend Track Record

Safe

11+ yrsVery Safe

NoneVery Safe

1.0%Warning

GrowingVery Safe

Dividend History (2016–2025)

NG.L annual dividend per share and yield history

Earnings & Profitability

NG.L earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

November 20, 2025

Next Payment Date

—

Dividend Growth

3-Year Dividend CAGR

-0.14%

5-Year Dividend CAGR

0.96%

10-Year Dividend CAGR

4.37%

3-Year Total Growth

-0.41%

5-Year Total Growth

4.87%

10-Year Total Growth

53.33%

Income Calculator

NG.L Dividend Calculator

Number of Shares

Total Investment

£1,232.00

Annual Income

£47.23

Quarterly Income

£11.81

Monthly Income

£3.94

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Frequently Asked Questions

What is NG.L's current dividend yield?

National Grid plc (NG.L) currently has a dividend yield of 3.83%, based on a stock price of £12.32 and an annual dividend of £0.47.

When is NG.L's next dividend payment date?

NG.L's next ex-dividend date is 2025-11-20 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does NG.L pay in dividends per year?

National Grid plc paid £0.47 per share in annual dividends in 2025. The dividends are paid semi-annual.

Has NG.L been increasing its dividend?

National Grid plc has grown its dividend at a 5-year CAGR of 0.96% and a 10-year CAGR of 4.37%.

Is NG.L's dividend safe?

National Grid plc has a payout ratio of 78.26%. The payout ratio is moderate. Monitor earnings to ensure sustainability.

How is NG.L's Dividend Health Score calculated?

The Dividend Health Score evaluates National Grid plc's dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for utilities companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.