Scrip Dividend for 2025/26 Interim Dividend
Summary by AI BETAClose X
27 November 2025
National Grid plc ('National Grid' or the 'Company')
Scrip Dividend for 2025/26 Interim Dividend
National Grid today announces the scrip dividend reference price for the 2025/26 interim dividend. A timetable is provided below.
For ordinary shareholders, the scrip dividend reference price for the 2025/26 interim dividend is 1,130.40 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 interim dividend is US$74.2334. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ 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 interim dividend timetable:
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6 November 2025 |
2025/26 half-year results and interim dividend amount declared - 16.35 pence per ordinary share; $1.0657 per ADR* |
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20 November 2025 |
Ex-dividend date - ordinary shares |
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21 November 2025 |
Ex-dividend date - ADRs |
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21 November 2025 |
Record date |
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27 November 2025 |
Scrip reference price announced |
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8 December 2025 (by 5pm EST) |
Scrip election date for 2025/26 interim dividend - ADRs |
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11 December 2025 (by 5pm GMT) |
Scrip election date for 2025/26 interim dividend - ordinary shares |
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13 January 2026 |
2025/26 interim dividend paid to qualifying shareholders |
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*The figure shown is gross of a $0.01 per ADR interim dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2025/26 interim dividend. This fee does not apply to ADRs received through the scrip dividend.
Julian Baddeley
Group Company Secretary
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