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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): National Grid plc (NGGTF) pays a $0.48 annual dividend, yielding 4.21% at $15.75/share. Next ex-dividend date 2026-05-28. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.21%
Annual Dividend: $0.48 per share
Payout Ratio: 50.1%
Ex-Dividend Date: 2026-05-28
Sector: Utilities
Years of Dividend History: 18
National Grid plc dividend income comes from one of the largest electricity and gas transmission businesses in the world, spanning England, Wales, New York, and New England. The current yield stands at 4.21%, with a trailing annual dividend rate of $0.4849 per share. The next ex-dividend date is May 28, 2026. With a beta of 0.592, NGGTF stock moves well below the broader market, which suits income 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 meaningful room to absorb earnings pressure without immediately threatening the dividend, supported by the company's regulated electricity and gas transmission operations across the UK and US, which generate demand tied to essential infrastructure rather than discretionary spending. National Grid plc dividend safety faces its most visible pressure from the history table, which shows multiple year-over-year declines over the past 15 years, meaning the payout has not moved in one direction only.
National Grid plc dividend history shows a CAGR of 3.4% per year from 2010 to 2025. Per-share payments grew from $0.3795 to $0.6297 over that window (2026 is a partial year and excluded from the CAGR calculation). The history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear. The largest single-year jump was 180.8% in 2017, which reflects an anomaly in the data rather than a sustained acceleration in the underlying payout trend.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -0.4% | $0.64 (2022) | $0.63 (2025) |
| 5-Year | +0.1% | $0.63 (2020) | $0.63 (2025) |
| 10-Year | -0.5% | $0.66 (2015) | $0.63 (2025) |
National Grid plc fits income-focused investors who want a high yield from an essential-infrastructure business and can accept an uneven growth path. The current yield of 4.21% is classified as high (above 4%), sitting just below the 5-year average of 4.26%, which means the stock is priced close to its own historical income norm. The 50.1% payout ratio supports the current yield without appearing stretched. The trade-off is growth: at 3.4% per year over 15 years, NGGTF stock does not offer meaningful dividend acceleration, and the history includes declines. Income is the draw here; capital growth is not.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-28 | $0.4321 |
| 2025-11-20 | $0.2137 |
| 2025-05-29 | $0.4160 |
| 2024-11-22 | $0.1984 |
| 2024-06-06 | $0.5004 |
| 2023-11-23 | $0.2417 |
| 2023-06-01 | $0.4680 |
| 2022-11-24 | $0.2153 |
| 2022-06-01 | $0.4218 |
| 2021-12-02 | $0.2290 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.4321 |
| 2025 | $0.6297 |
| 2024 | $0.6988 |
| 2023 | $0.7097 |
| 2022 | $0.6371 |
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