National Grid Announces Final Dividend & Scrip Option

TL;DR

National Grid's final dividend is out; shareholders can reinvest for more shares.

AI Summary

National Grid plc announced its final dividend for the 2023/24 financial year on June 13, 2024. Shareholders can opt to reinvest their final dividend payment into new ordinary shares of National Grid through a scrip dividend scheme. The scheme aims to provide shareholders with an opportunity to increase their holdings without incurring transaction costs.

Why It Matters

This announcement provides shareholders with a choice on how to receive their dividend, potentially allowing them to increase their stake in the company without additional investment costs.

Risk Assessment

Risk Level: low — The filing is a routine dividend announcement and does not contain significant new financial or operational risks.

Key Players & Entities

• National Grid plc (company) — Registrant
• 2023/24 (date) — Financial year for the final dividend
• June 13, 2024 (date) — Date of the announcement

FAQ

Key Financial Figures

• $55.4376 — ice for the 2023/24 final dividend is US$55.4376. This is calculated by multiplying the
• $2.4939 — lared - 39.12 pence per ordinary share; $2.4939 per ADR* 6 June 2024 Ordinary share
• $0.02 — xA0; * The figure shown is gross of a $0.02 per ADR final dividend fee which will b

Filing Documents

• a3826s.htm (6-K) — 30KB
• 0001654954-24-007701.txt ( ) — 31KB

From the Filing

DIVIDEND FOR 2023/24 FINAL DIVIDEND a3826s       UNITED STATES   SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549     FORM 6-K     REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934   Date: 13 June 2024   Commission File Number: 001-14958       NATIONAL GRID plc   (Translation of registrant’s name into English)   England and Wales   (Jurisdiction of Incorporation)        1-3 Strand, London, WC2N 5EH, United Kingdom (Address of principal executive office)       Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.   ☒   Form 20-F       ☐   Form 40-F   Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   ☐   Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):   ☐   Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3- 2(b) under the Securities Exchange Act of 1934.   ☐   Yes     ☒   No   If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a             EXHIBIT INDEX   Exhibit No.     Description     99.1   Exhibit 99.1 Announcement sent to the London Stock Exchange on 13 June 2024   — Scrip Dividend for 2023/24 Final Dividend     Exhibit 99.1           13 June 2024   National Grid plc ('National Grid' or the 'Company')   Scrip Dividend for 2023/24 Final Dividend   National Grid today announces the scrip dividend reference price for the 2023/24 final dividend. A timetable is provided below.   For ordinary shareholders, the scrip dividend reference price for the 2023/24 final dividend is 869.20 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 2023/24 final dividend is US$55.4376. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates.     The current terms and conditions of the scrip dividend scheme are available in the Investors section on the Company's   website   and from Equiniti (0800 169 7775).   2023/24   final   dividend timetable:     23 May 2024 2023/24 full year results and final dividend amount declared - 39.12 pence per ordinary share; $2.4939 per ADR* 6 June 2024 Ordinary shares and ADRs go ex-dividend 7 June 2024 Record date for the 2023/24 final dividend 13 June 2024 Scrip reference price announced 18 June 2024 (by 5pm EST)   Scrip election date for 2023/24 final dividend - ADRs 24 June 2024 (by 5pm BST) Scrip election date for 2023/24 final dividend - Ordinary shares 19 July 2024 2023/24 final dividend paid to qualifying shareholders     * The figure shown is gross of a $0.02 per ADR final dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2023/24 final dividend. This fee does not apply to ADRs received through the scrip dividend.     Pritti Patel Deputy Company Secretary & General Counsel, Corporate       SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.         NATIONAL GRID plc           By:   Beth Melges       Beth Melges Head of Plc Governance         Date: 13 June 2024    

View Full Filing

View this 6-K filing on SEC EDGAR