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Data last updated: Oct 12, 2026
Snapshot (as of Oct 12, 2026): National Grid plc (NGG) pays a $0.49 annual dividend, yielding 4.24% at $76.48/share. Next ex-dividend date 2026-05-29. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.24%
Annual Dividend: $0.49 per share
Payout Ratio: 72.0%
Ex-Dividend Date: 2026-05-29
Dividend Frequency: semi-annually
Sector: Utilities
Years of Dividend History: 23
National Grid plc dividend investors get exposure to one of the largest electricity and gas transmission businesses in the UK and the northeastern United States. NGG currently pays a 4.23% dividend yield, with a trailing annual dividend rate of $2.42 per share paid on a semi-annual basis. The next ex-dividend date is May 29, 2026. A beta of 0.592 points to below-average price volatility, which suits income-focused investors who prioritize steadiness 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 meaningful earnings headroom, 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. The most significant data-supported pressure on National Grid plc dividend safety is the history of year-over-year payment declines, which has appeared more than once in the available data window, signaling that 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 period (2025 and 2026 figures are partial years and excluded from the rate calculation). The largest annual increase in the window was 170.5% in 2017, though the data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| 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 high (above 4%) yield from an essential-infrastructure business and can accept an uneven payment history. At 4.23%, the current yield sits below the 5-year average of 5.24%, meaning buyers today are getting less income relative to price than the historical norm. The 50.1% payout ratio keeps the dividend from looking stretched, but the record of past declines means income is not guaranteed to hold at any given level. What investors get is meaningful yield from regulated transmission and distribution assets; what they accept is a payout that has moved in both directions over time.
| 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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