National Grid plc (NG) to Issue Dividend of GBX 32 on August 19th
National Grid plc (LON:NG) announced a dividend on Thursday, June 18th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 2nd will be given a dividend of GBX 32 ($0.39) per share on Wednesday, August 19th. This represents a dividend yield of 3.36%. The ex-dividend date is Thursday, July 2nd. This is a positive change from National Grid’s previous dividend of $16.57. The official announcement can be accessed at this link.
LON NG opened at GBX 977.80 ($12.03) on Tuesday. National Grid has a one year low of GBX 8.90 ($0.11) and a one year high of GBX 1,073.80 ($13.21). The company has a 50-day simple moving average of GBX 927.61 and a 200-day simple moving average of GBX 947.71. The company has a debt-to-equity ratio of 172.43, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a market capitalization of $33.92 billion and a PE ratio of 22.74.
Several research analysts have recently commented on NG shares. Royal Bank of Canada lifted their price target on shares of National Grid from GBX 1,025 ($12.61) to GBX 1,050 ($12.92) and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Barclays reaffirmed a “buy” rating and issued a GBX 1,040 ($12.80) price target on shares of National Grid in a report on Friday, June 19th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 910 ($11.20) price target on shares of National Grid in a report on Friday, June 19th. Berenberg Bank lowered shares of National Grid to a “hold” rating and boosted their target price for the company from GBX 930 ($11.44) to GBX 930 ($11.44) in a research note on Friday, March 27th. Finally, Jefferies Financial Group boosted their target price on shares of National Grid from GBX 880 ($10.83) to GBX 910 ($11.20) and gave the stock a “hold” rating in a report on Monday, April 6th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. National Grid presently has an average rating of “Buy” and an average target price of GBX 1,000.45 ($12.31).
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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