National Grid plc (NG) Plans Dividend of GBX 31.26

National Grid plc (LON:NG) declared a dividend on Thursday, May 16th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 30th will be paid a dividend of GBX 31.26 ($0.41) per share on Wednesday, August 14th. This represents a yield of 3.8%. The ex-dividend date is Thursday, May 30th. This is an increase from National Grid’s previous dividend of $16.08. The official announcement can be viewed at this link.

LON:NG opened at GBX 810.20 ($10.59) on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.85 and a debt-to-equity ratio of 148.26. National Grid has a 12 month low of GBX 744.50 ($9.73) and a 12 month high of GBX 895.10 ($11.70). The company has a market capitalization of $27.64 billion and a price-to-earnings ratio of 8.31.

A number of equities research analysts have recently issued reports on NG shares. Societe Generale set a GBX 930 ($12.15) price objective on shares of National Grid and gave the company a “buy” rating in a research report on Thursday, January 17th. Credit Suisse Group reissued a “neutral” rating and set a GBX 850 ($11.11) price objective on shares of National Grid in a research report on Sunday, April 14th. Goldman Sachs Group boosted their price objective on shares of National Grid from GBX 875 ($11.43) to GBX 899 ($11.75) and gave the company a “neutral” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. set a GBX 1,000 ($13.07) target price on shares of National Grid and gave the company a “buy” rating in a research note on Thursday. Finally, Barclays restated an “overweight” rating and set a GBX 950 ($12.41) target price on shares of National Grid in a research note on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 907.67 ($11.86).

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About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Dividend History for National Grid (LON:NG)

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