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LONDON - National Grid plc has set the scrip dividend reference price for its 2025/26 interim dividend at 1,130.40 pence per ordinary share, the company announced Thursday.
The reference price was calculated as the average closing mid-market price of an ordinary share over the five dealing days starting from and including the ex-dividend date.
For American Depositary Receipt (ADR) holders, the scrip ADR reference price was set at US$74.2334, calculated by multiplying the ordinary share reference price by five (as each ADR represents five ordinary shares) and converting at the average US dollar rate for the equivalent dates.
The interim dividend was declared at 16.35 pence per ordinary share and $1.0657 per ADR on November 6, 2025, when the company released its half-year results.
According to the dividend timetable, the ex-dividend date for ordinary shares was November 20, while ADRs went ex-dividend on November 21. The record date was also November 21.
Shareholders holding ordinary shares have until December 11 to make their scrip election, while ADR holders face a deadline of December 8. The interim dividend will be paid to qualifying shareholders on January 13, 2026.
The company noted that ADR holders receiving cash distributions will be subject to a $0.01 per ADR interim dividend fee, which does not apply to ADRs received through the scrip dividend.
Details of the Scrip Dividend Scheme are available on the Investors section of National Grid’s website and from Equiniti, according to the company’s statement based on its press release.
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