National Grid plc to Issue Dividend of GBX 16.57 (LON:NG)
National Grid plc (LON:NG) announced a dividend on Thursday, November 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 28th will be given a dividend of GBX 16.57 ($0.22) per share on Wednesday, January 15th. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, November 28th. The official announcement can be seen at this link.
NG stock traded up GBX 2.20 ($0.03) during trading on Thursday, hitting GBX 893.90 ($11.68). The company had a trading volume of 4,992,397 shares, compared to its average volume of 10,850,000. The business has a 50-day moving average of GBX 890.75 and a 200-day moving average of GBX 850.47. National Grid has a one year low of GBX 8.90 ($0.12) and a one year high of GBX 926.70 ($12.11). The stock has a market cap of $31.04 billion and a PE ratio of 20.09. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 153.93.
Several analysts recently commented on the company. Credit Suisse Group set a GBX 970 ($12.67) target price on National Grid and gave the company a “buy” rating in a report on Thursday, October 17th. Goldman Sachs Group set a GBX 892 ($11.66) target price on National Grid and gave the company a “neutral” rating in a report on Thursday. Barclays reiterated an “overweight” rating on shares of National Grid in a report on Thursday. Jefferies Financial Group upped their target price on National Grid from GBX 820 ($10.71) to GBX 880 ($11.50) and gave the company a “hold” rating in a report on Thursday, September 19th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of National Grid in a report on Monday. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 932.08 ($12.18).
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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