National Grid (NGG) details 2025/26 final dividend and scrip prices

Rhea-AI Filing Summary

National Grid plc has set the scrip dividend reference prices for its 2025/26 final dividend and confirmed the payment timetable. Ordinary shareholders have a scrip reference price of 1,197.70 pence per share, while ADR holders have a scrip ADR reference price of US$80.5453 per ADR.

The company previously declared a 2025/26 final dividend of 32.14 pence per ordinary share and $2.1738 per ADR, with a final dividend payment date of 23 July 2026 for qualifying shareholders. A $0.02 per ADR fee applies to cash distributions but not to ADRs received through the scrip dividend.

Key Figures

Scrip reference price: 1,197.70 pence per ordinary share Scrip ADR reference price: US$80.5453 per ADR Final dividend per ordinary share: 32.14 pence per ordinary share +5 more

8 metrics

Scrip reference price 1,197.70 pence per ordinary share 2025/26 final dividend scrip dividend reference price

Scrip ADR reference price US$80.5453 per ADR 2025/26 final dividend scrip ADR reference price

Final dividend per ordinary share 32.14 pence per ordinary share 2025/26 final dividend amount declared

Final dividend per ADR $2.1738 per ADR 2025/26 final dividend amount declared

ADR cash distribution fee $0.02 per ADR Fee on cash distributions for 2025/26 final dividend ADRs

Dividend payment date 23 July 2026 Payment date for 2025/26 final dividend to qualifying shareholders

Ordinary shares ex-dividend date 28 May 2026 Ex-dividend date for ordinary shares for 2025/26 final dividend

Record date 29 May 2026 Record date for determining shareholders entitled to 2025/26 final dividend

Key Terms

Scrip Dividend Scheme, American Depositary Receipt, ex-dividend date, record date, +1 more

5 terms

Scrip Dividend Scheme financial

"The terms and conditions of the Scrip Dividend Scheme are available on the Investors section of the Company's website"

American Depositary Receipt financial

"For American Depositary Receipt ('ADR') holders, the scrip ADR reference price for the 2025/26 final dividend is US$80.5453."

An American depositary receipt (ADR) is a certificate that represents shares of a foreign company traded on U.S. stock exchanges. It allows investors to buy and sell parts of a foreign company's stock easily, much like purchasing shares of a company based in their own country. ADRs make international investing more convenient and accessible for U.S. investors.

ex-dividend date financial

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

The ex-dividend date is the date when a stock starts trading without the value of its next dividend payment included. If you buy the stock on or after this date, you won't receive that upcoming dividend; only those who owned the stock before this date are entitled to it. It matters to investors because it determines who is eligible to receive the dividend and can influence the stock’s price around that time.

record date financial

"29 May 2026 | Record date"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

final dividend financial

"National Grid today announces the scrip dividend reference price for the 2025/26 final dividend."

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Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

Date: 04 June 2026

Commission File Number: 001-14958

NATIONAL GRID plc

(Translation of registrant’s name into English)

England and Wales

(Jurisdiction of Incorporation) 

1-3 Strand, London, WC2N 5EH, United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

☒  Form 20-F      ☐  Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3- 2(b) under the Securities Exchange Act of 1934.  ☐  Yes    ☒  No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a

EXHIBIT INDEX

Exhibit No.	Description
99.1	Exhibit 99.1 Announcement sent to the London Stock Exchange on 04 June 2026 — Scrip Dividend for 2025/26 Final Dividend

Exhibit 99.1

4 June 2026

National Grid plc ('National Grid' or the 'Company')

Scrip Dividend for 2025/26 Final Dividend

National Grid today announces the scrip dividend reference price for the 2025/26 final dividend. A timetable is provided below.

For ordinary shareholders, the scrip dividend reference price for the 2025/26 final dividend is 1,197.70 pence. This is calculated as the average closing mid-market price of an ordinary share for the five dealing days commencing with, and including, the ordinary share ex-dividend date.

For American Depositary Receipt ('ADR') holders, the scrip ADR reference price for the 2025/26 final dividend is US$80.5453. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates.  

The terms and conditions of the Scrip Dividend Scheme are available on the Investors section of the Company's website and from Equiniti (0800 169 7775).

2025/26 Final Dividend timetable:

14 May 2026	2025/26 full-year results and final dividend amount declared - 32.14 pence per ordinary share; $2.1738 per ADR*
28 May 2026	Ex-dividend date - ordinary shares
29 May 2026	Ex-dividend date - ADRs
29 May 2026	Record date
4 June 2026	Scrip reference price announced
15 June 2026 (5:00 pm EDT)	Scrip election date for 2025/26 final dividend - ADRs
18 June 2026 (5.00 pm BST)	Scrip election date for 2025/26 final dividend - ordinary shares
23 July 2026	2025/26 final dividend paid to qualifying shareholders

*The figure shown is gross of a $0.02 per ADR final dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2025/26 final dividend. This fee does not apply to ADRs received through the scrip dividend.

Julian Baddeley

Group Company Secretary

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NATIONAL GRID plc
	By:	Beth Melges
		Beth Melges Head of Plc Governance

Date: 04 June 2026

FAQ

What did National Grid (NGG) announce about the 2025/26 final dividend?

National Grid announced the scrip dividend reference prices and timetable for its 2025/26 final dividend. The dividend is 32.14 pence per ordinary share and $2.1738 per ADR, with payment to qualifying shareholders scheduled for 23 July 2026, following earlier ex-dividend and record dates.

What is the scrip dividend reference price for National Grid ordinary shares?

The scrip dividend reference price for National Grid ordinary shareholders is 1,197.70 pence per share. It is calculated as the average closing mid-market price of an ordinary share over the five dealing days starting on, and including, the ordinary share ex-dividend date in May 2026.

What is the scrip ADR reference price for National Grid’s 2025/26 final dividend?

The scrip ADR reference price for the 2025/26 final dividend is US$80.5453 per ADR. This uses the ordinary share scrip reference price, multiplied by five underlying shares per ADR and adjusted by the average US dollar exchange rate over the same five-day period.

When will National Grid’s 2025/26 final dividend be paid to shareholders?

National Grid’s 2025/26 final dividend is scheduled to be paid on 23 July 2026 to qualifying shareholders. Key earlier dates include the ordinary share ex-dividend date on 28 May 2026, ADR ex-dividend date on 29 May 2026, and the record date also on 29 May 2026.

Are there any fees on National Grid ADR cash dividends for 2025/26?

A $0.02 per ADR final dividend fee will be applied to cash distributions on ADRs for the 2025/26 final dividend. This fee does not apply to ADRs received through the scrip dividend alternative, meaning scrip-issued ADRs avoid this specific cash distribution fee.

What are the scrip election deadlines for National Grid’s 2025/26 final dividend?

For the 2025/26 final dividend, the scrip election deadline is 15 June 2026 at 5:00 pm EDT for ADR holders and 18 June 2026 at 5:00 pm BST for ordinary shareholders. Elections made by these times determine participation in the scrip dividend scheme.