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Data last updated: Jul 06, 2026
Snapshot (as of Jul 06, 2026): National Grid plc (NGG) pays a $0.48 annual dividend ($0.12 quarterly), yielding 3.89% at $82.85/share. Next ex-dividend date 2026-05-29. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.89%
Annual Dividend: $0.48 per share
Payout Ratio: 50.1%
Ex-Dividend Date: 2026-05-29
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 23
National Grid plc dividend investors get exposure to one of the largest electricity and gas transmission operators in the UK and the northeastern United States. NGG currently pays a 3.9% dividend yield, with a trailing annual dividend rate of $0.4849 per share paid quarterly. The next ex-dividend date is May 29, 2026. With a beta of 0.604, NGG stock moves well below the broader market, which suits income-focused investors who prioritize low volatility over capital gains.
National Grid plc pays out 50.1% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer of retained earnings, supported by the company's regulated electricity and gas transmission operations across England, Wales, New York, and New England, where demand is tied to essential infrastructure rather than discretionary spending. National Grid plc dividend safety faces its most tangible pressure from the history table, which shows at least one year-over-year decline exceeding 5%, confirming the payout is not immune to adjustment.
National Grid plc dividend history shows a CAGR of 5.4% per year from 2009 to 2024. Per-share payments grew from $3.1572 to $6.9895 over that window (2025 and 2026 figures are partial years and excluded from the rate calculation). The largest annual increase in the window was 155.6% in 2017, which reflects the kind of irregular movement that makes the long-run average more useful than any single year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +0.3% | $3.09 (2022) | $3.12 (2025) |
| 5-Year | -0.1% | $3.14 (2020) | $3.12 (2025) |
| 10-Year | -1.5% | $3.62 (2015) | $3.12 (2025) |
National Grid plc fits income-focused investors who want a regulated-utility dividend with moderate yield and a contained payout ratio. The current yield of 3.9% sits below the 5-year average of 4.85%, meaning buyers today are getting less income than the historical norm. The moderate (2–4%) yield classification reflects that trade-off: this is not a high-income play, but the 50.1% payout ratio leaves room to sustain payments through the regulated transmission and distribution business. The dividend history does include declines, so investors accept some variability in exchange for a business anchored in essential infrastructure across the UK and the US Northeast.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-29 | $2.1738 |
| 2025-11-21 | $1.0657 |
| 2025-05-30 | $2.0545 |
| 2024-11-22 | $1.0096 |
| 2024-06-07 | $2.4739 |
| 2024-05-31 | $3.5060 |
| 2023-11-22 | $1.1799 |
| 2023-06-01 | $2.3259 |
| 2022-11-23 | $1.0210 |
| 2022-06-03 | $2.0730 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.1738 |
| 2025 | $3.1202 |
| 2024 | $6.9895 |
| 2023 | $3.5058 |
| 2022 | $3.0940 |
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