National Grid Transco, PLC (NYSE:NGG) Plans $2.17 Dividend

National Grid Transco, PLC (NYSE:NGG) declared a dividend on Thursday, May 14th. Shareholders of record on Friday, May 29th will be paid a dividend of 2.1738 per share by the utilities provider on Thursday, July 23rd. This represents a yield of 542.0%. The ex-dividend date is Friday, May 29th.

National Grid Transco has decreased its dividend by an average of 0.0%per year over the last three years. National Grid Transco has a dividend payout ratio of 77.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect National Grid Transco to earn $6.59 per share next year, which means the company should continue to be able to cover its $4.30 annual dividend with an expected future payout ratio of 65.3%.

National Grid Transco Trading Up 1.2%

Shares of NGG stock opened at $87.66 on Wednesday. National Grid Transco has a 12 month low of $67.51 and a 12 month high of $94.64. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.09. The company’s fifty day moving average price is $86.48 and its two-hundred day moving average price is $83.55.

About National Grid Transco

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.