National Grid (National Grid) Dividend Payout Ratio

: 1.34 (As of Sep. 2023)

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National Grid's dividend payout ratio for the months ended in Sep. 2023 was 1.34.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of National Grid PLC is 0.79, which seems too high.

The historical rank and industry rank for National Grid's Dividend Payout Ratio or its related term are showing as below:

NGG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.74 Med: 0.81 Max: 1.06
Current: 0.79

During the past 13 years, the highest Dividend Payout Ratio of National Grid was 1.06. The lowest was 0.74. And the median was 0.81.

NGG's Dividend Payout Ratio is ranked worse than
75.48% of 367 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs NGG: 0.79

As of today (2024-04-24), the Dividend Yield % of National Grid is 5.28%.

During the past 13 years, the highest Trailing Annual Dividend Yield of National Grid was 6.43%. The lowest was 3.89%. And the median was 4.97%.

National Grid's Dividends per Share for the months ended in Sep. 2023 was $2.34.

During the past 12 months, National Grid's average Dividends Per Share Growth Rate was 8.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of National Grid was 13.70% per year. The lowest was -42.80% per year. And the median was 4.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

National Grid Dividend Payout Ratio Historical Data

The historical data trend for National Grid's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National Grid Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Dividend Payout Ratio

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0.81

1.06

1.08

0.81

0.79

National Grid Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Dividend Payout Ratio	Get a 7-Day Free Trial															6.37	0.35	1.08	0.41	1.34

Competitive Comparison

For the Utilities - Regulated Electric subindustry, National Grid's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

National Grid Dividend Payout Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, National Grid's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where National Grid's Dividend Payout Ratio falls into.

National Grid Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

National Grid's Dividend Payout Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2023 )	/	EPS without NRI (A: Mar. 2023 )
	=	3.056	/	3.853
	=	0.79

National Grid's Dividend Payout Ratio for the quarter that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2023 )	/	EPS without NRI (Q: Sep. 2023 )
	=	2.339	/	1.743
	=	1.34

National Grid (NYSE:NGG) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

National Grid Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of National Grid's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

National Grid (National Grid) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Grid PLC (NYSE:NGG) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

NGGTF:USA NGl:UK NG.:UK NNGF:Germany NNGF:Germany NNGF:Germany NNGD:Germany N1GG34:Brazil NGG:Argentina

Address

1-3 Strand, London, GBR, WC2N 5EH

Website

https://www.nationalgrid.com

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its U.K. gas transmission business in fiscal 2023 to fund the acquisition of PPL's U.K. power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the U.K., and the Grain (U.K.) liquefied natural gas facility.