Is National Grid plc a good dividend stock?

National Grid plc (NGG) is a dividend-paying stock with a current dividend yield of 3.86%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is NGG's dividend yield?

The dividend yield for NGG stock is currently 3.86%.

How much does NGG pay in dividends per year?

National Grid plc pays an annual dividend of $3.2395 per share over the trailing twelve months.

How often does NGG pay dividends?

NGG stock pays dividends bi-annually.

Is NGG's dividend growing?

National Grid plc's 3-year dividend CAGR is 1.54%.

NGG Stock Price, Chart, Stats & News

National Grid plc

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Overview Dividend safety Dividends Fundamentals

National Grid plc (NGG) is a dividend-paying stock with a current dividend yield of 3.86% as of Jul 17, 2026. It pays $3.24 per share over the trailing twelve months and distributes bi-annually. Its dividend has grown at a 0.62% 5-year compound annual rate.

83.58B

Market cap

19.10x

Current P/E

14.10x

Forward P/E

3.86%

Dividend yield

$3.24

NGG dividend

Dividend safety

Moderate

Dividend coverage is moderate for NGG — it pays out about 74% of earnings.

See the safety analysis

NGG chart

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Fundamentals

Gross margin	29.53%
Operating margin	29.53%
Pretax margin	21.63%
Net margin	16.38%
Effective tax rate	24.19%
ROA	2.73%
ROE	7.55%
D/E	1.23x
Interest coverage ratio	3.73x

All financials

NGG valuation

P/E	19.10x
P/S	3.55x
P/B	1.64x
P/CF	9.75x
P/FCF	-21.40x
P/OCF	9.75x
PEG	-8.41x
EV multiple	2.26x

About

National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales.