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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): National Grid plc (NGG) pays a $2.42 annual dividend ($0.60 quarterly), yielding 4.14% at $79.35/share. Next ex-dividend date 2026-05-29. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.14%
Annual Dividend: $2.42 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 businesses in the UK and the northeastern United States. NGG currently pays a 4.09% dividend yield, with a trailing annual dividend rate of $2.42 per share paid quarterly. The next ex-dividend date is May 29, 2026. With a beta of 0.599, NGG stock moves well below the broader market, which suits income-focused investors who prioritize low volatility over price appreciation.
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 for grid infrastructure is non-discretionary. The most significant pressure point for National Grid plc dividend safety is the history of year-over-year payment declines in the data, which shows the dividend is not on an unbroken upward path.
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 CAGR calculation, including the most recent National Grid plc dividend 2026 data). The window 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 a regulated utility with low market sensitivity. At 4.09%, the current yield sits below the 5-year average of 5.04%, which means buyers today are getting less income relative to what the stock has historically offered. The 50.1% payout ratio keeps the dividend from looking stretched, and the regulated transmission and distribution business across the UK and northeastern US provides a non-cyclical revenue base. The trade-off is that NGG carries zero consecutive years of dividend increases, so income growth is not guaranteed year to year.
| 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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