National Grid Dividends and Buybacks
Dividend criteria checks 4/6
National Grid is a dividend paying company with a current yield of 5.88%. Next payment date is on 14th January, 2025 with an ex-dividend date of 22nd November, 2024.
Key information
5.9%
Dividend yield
-15.3%
Buyback Yield
| Total Shareholder Yield | -9.5% |
| Future Dividend Yield | 5.2% |
| Dividend Growth | 1.9% |
| Next dividend pay date | 14 Jan 25 |
| Ex dividend date | 22 Nov 24 |
| Dividend per share | US$0.690 |
| Payout ratio | 131% |
Recent dividend and buyback updates
Recent updates
National Grid: Growth And Yield
Nov 08National Grid: An Upside Is There, But I'd Wait For A Small Drop
Aug 25National Grid: Rights Issue Highlights Lack Of Compounding
Jun 07National Grid Faces New Challenges With Electrification Growth
May 01National Grid: Clean Energy Transition Continues
Jan 23National Grid: Grid Investments Could Power Growth
Nov 13National Grid: Regulators Cap Upside In The U.K.
Sep 26National Grid Is Becoming Interesting Again (Rating Upgrade)
Jul 11National Grid: Bearish Technicals After A Strong Late-2022 Rally
Jan 19Energy Is On The Frontline Of The War And National Grid Constitutes Europe's Salvo
Nov 07National Grid's Utility Upside
Sep 12National Grid: Solid Utility, But Limited Upside
Jun 28National Grid: Stable Yield And Results From Utilities At A High Price
Jun 17National Grid: A Hold For Now
Mar 31National Grid Insulated From RIIO Changes With U.S. Exposure
Feb 10National Grid: Upside Is There, But It's Still Expensive
Dec 03National Grid And The Electrification Of Everything
Sep 11National Grid: A Dividend Cut Appears Likely Despite Being A Utility
Jul 30National Grid: A 'Consistently Not Stupid' Buy
Jan 31National Grid Is The Clear Winner In The Dividend Bout Against Utility ConEd
Dec 03Dividend Safety Net Is Still A Concern As National Grid Shares Bounce Back
Nov 25National Grid goes ex-dividend tomorrow
Nov 24National Grid seeks higher revenue, 10.5% RoE for Mass gas business
Nov 16National Grid reports F1H results
Nov 12U.K. regulators considering National Grid breakup -Telegraph
Nov 09Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NGG's dividends per share have been stable in the past 10 years.
Growing Dividend: NGG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| National Grid Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NGG) | 5.9% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.6% |
| Industry Average (Integrated Utilities) | 3.6% |
| Analyst forecast (NGG) (up to 3 years) | 5.2% |
Notable Dividend: NGG's dividend (5.88%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: NGG's dividend (5.88%) is in the top 25% of dividend payers in the US market (4.57%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (131.2%), NGG's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NGG is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 12:52 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
National Grid plc is covered by 40 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Juan Rodriguez | AlphaValue |
| Gary Hovis | Argus Research Company |
| Dominic Nash | Barclays |