Scrip Dividend for 2024/25 Interim Dividend

National Grid PLC

28 November 2024

 

28 November 2024

National Grid plc ('National Grid' or the 'Company')

Scrip Dividend for 2024/25 Interim Dividend

National Grid today announces the scrip dividend reference price for the 2024/25 interim dividend. A timetable is provided below.

For ordinary shareholders, the scrip dividend reference price for the 2024/25 interim dividend is 984.16 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 2024/25 interim dividend is US$61.9430. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ 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 the Company's Registrar, Equiniti (0800 169 7775).

2024/25 interim dividend timetable:

7 November 2024	2024/25 half-year results and interim dividend amount declared - 15.840 pence per ordinary share; $1.0196 per ADR*
21 November 2024	Ordinary shares and ADRs go ex-dividend
22 November 2024	Record date for the 2024/25 interim dividend
28 November 2024	Scrip reference price announced
9 December 2024 (by 5pm EST)	Scrip election date for 2024/25 interim dividend - ADRs
12 December 2024 (by 5pm GMT)	Scrip election date for 2024/25 interim dividend - Ordinary shares
14 January 2025	2024/25 interim dividend paid to qualifying shareholders

*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 2024/25 interim dividend. This fee does not apply to ADRs received through the scrip dividend.

Julian Baddeley

Group Company Secretary

 

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