National Grid's dividends per share for the
six
months ended in Mar. 2026 was £0.16. Its dividends per share for the trailing twelve months (TTM) ended in Mar. 2026 was £0.47. Its Dividend Payout Ratio for the
six
months ended in Mar. 2026 was 0.30. As of today, National Grid's Dividend Yield % is 3.89%.
During the past 12 months, National Grid's average Dividends Per Share Growth Rate was -14.20% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -0.10% 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 2.10% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of National Grid was 13.60% per year. The lowest was -42.80% per year. And the median was 4.40% per year.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
National Grid (CHIX:NGl) Dividends per Share Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
National Grid's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of National Grid was 1.06. The lowest was 0.67. And the median was 0.81.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
National Grid Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
GBP 0.321400
2026-05-28
2026-05-29
2026-07-23
Cash Dividend
semi-annually
GBP:GBP 1.000000
GBP 0.163500
2025-11-20
2025-11-21
2026-01-13
Cash Dividend
semi-annually
GBP:GBP 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
National Grid's Dividend Yield (%) for Today is calculated as
Current Share Price is £12.47.
National Grid's Dividends per Share for the trailing twelve months (TTM) ended in Today is £0.4849.
During the past 13 years, the highest Dividend Yield of National Grid was 6.42%. The lowest was 3.50%. And the median was 5.17%.
* 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.
National Grid Dividends per Share Related Terms
National Grid Dividends per Share Historical Data
* Premium members only.
The historical data trend for National Grid's Dividends per Share 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.
CHIX:NGL vs NEE, SO, DUK: Dividends per Share Comparison
For the Utilities - Regulated Electric subindustry, National Grid's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where National Grid's Dividend Yield % falls into.
National Grid (CHIX:NGL) has a Dividends per Share of £0.47 as of Mar. 2026. Dividends per share represents the per-share amount paid as dividends. View historical data on National Grid and its competitors.
Is National Grid's Dividends per Share too high?
National Grid's current Dividends per Share is £0.47. Overall, National Grid has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Grid's Dividends per Share compare to NEE and SO?
National Grid's Dividends per Share of £0.47 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividends per Share for an Utilities - Regulated company?
A good Dividends per Share depends on the Utilities - Regulated industry context. However, Dividends per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividends per Share mean?
A high Dividends per Share can signal that a stock is expensive relative to its fundamentals. Dividends per share represents the per-share amount paid as dividends. View historical data on National Grid and its competitors. National Grid's current Dividends per Share is £0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Grid stock overvalued right now?
Based on GuruFocus' analysis, National Grid (CHIX:NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is £7.47, compared to a current price of £12.47 — trading 66.9% above its estimated fair value. The current Dividends per Share is £0.47. National Grid's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividends per Share calculated?
Dividends per Share is calculated from a company's financial statements. For National Grid (CHIX:NGL), the current Dividends per Share is £0.47 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Grid (CHIX:NGL) Overvalued in 2026?
Based on GuruFocus' analysis, National Grid stock appears to be overvalued.
The current stock price of £12.47 is trading 66.9% above its estimated GF Value™ of £7.47.
GuruFocus considers National Grid to be Significantly Overvalued.
Key valuation signals for CHIX:NGL:
Dividends per Share: £0.47
GF Value™: £7.47 vs. price of £12.47 (66.9% above fair value)
No single metric tells the full story. See the CHIX:NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission electricity networks in the United States, metering services and merchant transmission lines in the UK.
73GF Score
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Dividends per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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