National Grid sets scrip price for 2025/26 dividend
National Grid plc has set the scrip dividend reference prices for its 2025/26 final dividend and confirmed the payment timetable.
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.
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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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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 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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
