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National Grid PLC  (NYSE:NGG) Dividend Payout Ratio: 2.09 (As of Sep. 2016)

National Grid PLC's dividend payout ratio for the months ended in Sep. 2016 was 2.09.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of National Grid PLC is 0.91, which seems too high.

NYSE:NGG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.49   Max: 5.49
Current: 0.9

0.49
5.49

During the past 13 years, the highest Dividend Payout Ratio of National Grid PLC was 5.49. The lowest was 0.49. And the median was 0.79.

NYSE:NGG's Dividend Payout Ratio is ranked lower than
74% of the 590 Companies
in the Global industry.

( Industry Median: 0.55 vs. NYSE:NGG: 0.90 )

As of Today, the Dividend Yield % of National Grid PLC is 4.51%.

During the past 13 years, the highest Trailing Annual Dividend Yield of National Grid PLC was 6.65%. The lowest was 3.18%. And the median was 4.96%.

National Grid PLC's Dividends per Share for the months ended in Sep. 2016 was $2.00.

During the past 12 months, National Grid PLC's average Dividends Per Share Growth Rate was 0.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of National Grid PLC was 13.10% per year. The lowest was -43.20% per year. And the median was 7.20% per year.

The growth rate is calculated with least square regression.

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

National Grid PLC Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Dividend Payout Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.71 0.62 1.07 0.87 0.90

National Grid PLC Semi-Annual Data

Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
Dividend Payout Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.96 1.03 0.67 2.09 0.44

Competitive Comparison
* 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.


Calculation

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

National Grid PLC's Dividend Payout Ratio for the fiscal year that ended in Mar. 2017 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2017 )/ EPS without NRI (A: Mar. 2017 )
=2.8975308642/ 3.22592592593
=0.90

National Grid PLC's Dividend Payout Ratio for the quarter that ended in Sep. 2016 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2016 )/ EPS without NRI (Q: Sep. 2016 )
=2.00131406045/ 0.95926412615
=2.09

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.


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