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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): National Grid plc (NGGTF) pays a $0.49 annual dividend, yielding 3.96% at $16.43/share. Next ex-dividend date 2026-05-28. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.96%
Annual Dividend: $0.49 per share
Payout Ratio: 72.1%
Ex-Dividend Date: 2026-05-28
Dividend Frequency: semi-annually
Sector: Utilities
Years of Dividend History: 18
National Grid plc dividend income comes from one of the largest electricity and gas transmission operators in the UK and the northeastern United States. The current yield stands at 4.21%, with trailing twelve-month payments of $0.4850 per share on a semi-annual schedule. The next ex-dividend date is May 28, 2026. A beta of 0.577 puts NGGTF stock well below average market volatility, which suits income investors who prioritize steadiness over price swings.
National Grid plc pays out 72.1% of earnings as dividends, a payout ratio classified as elevated (60–75%). The company operates regulated electricity transmission and distribution networks across England, Wales, the Midlands, New England, and New York, businesses where demand is largely non-discretionary and revenue flows from regulated frameworks. National Grid plc dividend safety is supported by that regulated structure, but a payout ratio at the upper end of the elevated range leaves limited room to absorb earnings pressure without affecting the dividend. The history table also shows at least one year-over-year decline exceeding 5%, which is the most concrete data-supported risk factor on record.
National Grid plc dividend history shows a CAGR of 2.9% per year from 2010 to 2025. Per-share payments moved from $0.4079 to $0.6297 over that period (2026 is a partial year and excluded from the CAGR calculation, per National Grid plc dividend 2026 data). The largest annual increase in the window was 99.1% in 2017, which skews the picture considerably. Growth is slow by most dividend investor standards, and the 0 consecutive years of dividend increases means there is no unbroken growth streak to anchor expectations.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -0.5% | $0.64 (2022) | $0.63 (2025) |
| 5-Year | +2.6% | $0.55 (2020) | $0.63 (2025) |
| 10-Year | -2.4% | $0.80 (2015) | $0.63 (2025) |
National Grid plc fits income-focused investors who want a high yield from a regulated utility and can accept uneven dividend growth. The current yield of 4.21% is classified as high (above 4%), though it sits below the 5-year average of 4.82%, which means the stock is currently yielding less than its own historical norm. A 2.9% annualized growth rate over 15 years barely keeps pace with inflation, and the absence of a consecutive-increase streak limits the case for dividend compounders. What NGGTF stock offers is regulated-utility income with low price volatility (beta 0.577). The trade-off is a payout ratio at 72.1% that leaves little cushion, and a growth rate that prioritizes current income over long-term dividend expansion.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-28 | $0.4321 |
| 2025-11-20 | $0.2137 |
| 2025-05-29 | $0.4160 |
| 2024-11-22 | $0.1927 |
| 2024-06-06 | $0.5004 |
| 2023-11-23 | $0.2420 |
| 2023-06-01 | $0.4680 |
| 2022-11-24 | $0.2150 |
| 2022-06-01 | $0.4250 |
| 2021-12-02 | $0.2280 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.4321 |
| 2025 | $0.6297 |
| 2024 | $0.6931 |
| 2023 | $0.7100 |
| 2022 | $0.6400 |
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