Dividends - Ordinary Shares

Your Dividends

National Grid normally pays two dividends each year. The interim dividend is usually paid in January and the final dividend is recommended to shareholders for approval at the Annual General Meeting (usually in July), and this is usually paid in August.

Next dividend

Type Announced Ex-dividend Record date Payment date Amount per share
2016/17 final 18 May 2017 1 June 2017 2 June 2017 16 August 2017 To be announced

Scrip dividend alternative

Announcement date Scrip reference price Scrip election date
8 June 2017 To be announced To be announced

The scrip dividend reference price is calculated as the average closing mid-market price of an ordinary share for the five dealing days commencing with, and including, the ex-dividend date.

Information on the next dividend for ADR holders is available here.

Last dividend

Type Announced Ex-Dividend Record Date Payment Date Amount per share
2016/17 interim10 November 201624 November 2016 25 November 2016 11 January 2017 15.17 pence

Scrip dividend alternative

Announcement date Scrip reference price Scrip election date
1 December 2016 920.92 pence 9 December 2016

You can find more information on National Grid’s dividend history here .

Information on dividends paid to ADR holders is available here.

What changes have been made to UK dividend taxation with effect from 6 April 2016?

 

Dividends paid on or after 6 April 2016 will no longer be accompanied by a 10% tax credit. Instead this will be replaced by a tax free didivend allowance which will apply to the first £5,000 of a person's dividend income in the UK. If you have any doubts about how this change impacts your tax position, please refer to the government's guidance (www.gov.uk/tax-on-dividends) or speak to a professional tax advisor.

 

For dividends paid prior to the 5 April 2016 you will have received a dividend tax voucher that stated the amount of tax credit paid on each dividend.  From 6 April 2016, your dividend tax voucher will be replaced with a dividend confirmation. Please contact our Registrar, Capita Asset Services, if you have any questions regarding your dividend confirmation.

 

Scrip dividend scheme

The National Grid scrip dividend scheme, when offered, allows shareholders to elect to receive their dividend as additional fully paid ordinary shares in the Company, with no stamp duty or commission to pay. To join the scrip dividend scheme visit the National Grid share portal or contact Capita Asset Services.

For ordinary shareholders, the scrip dividend reference price is calculated as the average closing mid-market price of an ordinary share for the five dealing days commencing with, and including, the ex-dividend date. For ADS holders this is calculated by multiplying the reference share price for ordinary shares by five (as there are five ordinary shares underlying each ADS) and by the average US$ rate for the equivalent dealing days.

In accordance with the scrip dividend terms and conditions, you can cancel your scrip election by contacting Capita Asset Services.

Note: in May 2016 we updated the terms and conditions of the National Grid scrip dividend scheme to reflect current tax information and for other small administrative changes. The changes were administrative in nature and do not affect the way the scheme operates.

Scrip Dividend Scheme Terms and Conditions

Dividends directly into your bank/building society account

To ensure your dividend reaches you on the payment date, have your dividends paid directly into your bank or building society account.

If you have not already set-up a dividend mandate and would like to take advantage of this secure and convenient way of receiving your dividends:

Lost Dividend Cheque(s)

If you require a replacement dividend cheque, please contact our Registrars, Capita. Please note there may be a charge for the re-issue of a dividend cheque

Dividend reunification

Have you recently received a letter from us/Capita about unclaimed payments?

We are writing to investors that have an entitlement to unclaimed dividend payments that are over 12 months old totalling £40.00 or more. The dividend payments were made either by National Grid plc or by one of the companies which existed prior to the formation of National Grid plc. We have appointed Capita Asset Services (Capita), the registrar for National Grid plc, to help contact you and assist you in claiming the outstanding dividend payments to which you are entitled.

This dividend reunification service offered by Capita is voluntary and there are some frequently asked questions on the reverse of the letter you received which you may find helpful.

If you take no action you will not receive your entitlement.

More information and help