This filing is purely administrative — the scrip dividend reference price was already determined by the five-day average post-ex-dividend. No trading signal. Monitor the 23 July 2026 payment date for any changes in dividend policy or future scrip elections.
Price Chart
Executive Summary
National Grid announces the scrip dividend reference price for the 2025/26 final dividend: 1,197.70 pence per ordinary share and US$80.5453 per ADR. The final dividend of 32.14 pence per ordinary share ($2.1738 per ADR) was declared on 14 May 2026, with payment scheduled for 23 July 2026. This is a routine administrative step in the dividend process with no new financial information.
Key Facts
- Scrip dividend reference price for 2025/26 final dividend: 1,197.70 pence per ordinary share
- Scrip ADR reference price: US$80.5453 per ADR
- Final dividend amount: 32.14 pence per ordinary share; $2.1738 per ADR (declared 14 May 2026)
- Payment date: 23 July 2026
- Scrip election deadline for ADRs: 15 June 2026 (5:00 pm EDT); for ordinary shares: 18 June 2026 (5:00 pm BST)
Financial Impact
No new financial impact; scrip dividend allows shareholders to receive shares instead of cash, preserving cash at the company but diluting existing holders modestly. The reference price is set at 1,197.70p per share.
Risk Factors
- Scrip dividend elections could lead to modest dilution if a large portion of shareholders opt for shares instead of cash
- No material risk from this routine filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001654954-26-005689 |
| Document: 0001654954-26-005689-index-headers.html | 0001654954-26-005689 |
| Document: 0001654954-26-005689-index.html | 0001654954-26-005689 |
| Document: 0001654954-26-005689.txt | 0001654954-26-005689 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 9, 2026 20w ago | 6-K | $124.77 $159.25 | ▲ +27.63% | ▲ +20.78% | $100.29 (−19.62%) |
Jun 4, 2026 20w ago | 6-K | $112.00 $159.25 | ▲ +42.19% | ▲ +40.31% | $100.29 (−10.46%) |
Jun 4, 2026 20w ago | 424B5 | $112.00 $159.25 | ▲ +42.19% | ▲ +40.31% | $100.29 (−10.46%) |
Jun 3, 2026 20w ago | 6-K | $112.00 $159.25 | ▲ +42.19% | ▲ +39.69% | $100.29 (−10.46%) |
Jun 3, 2026 20w ago | 6-K | $112.00 $159.25 | ▲ +42.19% | ▲ +39.69% | $100.29 (−10.46%) |
Jun 3, 2026 20w ago | 20-F | $112.00 $159.25 | ▲ +42.19% | ▲ +39.69% | $100.29 (−10.46%) |
May 14, 2026 23w ago | 6-K | $109.62 $107.00 | ▼ −2.39% | ▼ −5.98% | $100.29 (−8.51%) |
US Market Status
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