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LONDON - National Grid PLC (LSE:LON:NG.) has announced the reference price for its scrip dividend option for the 2024/25 final dividend. For ordinary shareholders, the reference price is set at 1,040.40 pence per share, based on the average closing mid-market price for the five days starting with the ex-dividend date.
American Depositary Receipt (ADR) holders will have a reference price of US$70.3102 for the scrip dividend, which is derived by converting the ordinary share price and accounting for the five ordinary shares each ADR represents, along with the average USD/GBP exchange rate over the same period.
The final dividend for the year, as declared on May 15, 2025, is 30.88 pence per ordinary share and $2.0545 per ADR, before a $0.02 per ADR final dividend fee applied to cash distributions. This fee does not affect ADRs acquired through the scrip dividend.
The key dates for the dividend are as follows: May 29, 2025, for ordinary shares and May 30, 2025, for ADRs were the ex-dividend dates. The record date was set for May 30, 2025. The announcement of the scrip reference price was made today, and the deadline for electing to receive the scrip dividend is June 16, 2025, for ADR holders and June 19, 2025, for ordinary shareholders. The payment date for the 2024/25 final dividend is scheduled for July 17, 2025.
Details about the Scrip Dividend Scheme are available on the National Grid’s website and through Equiniti, the share registrar. This information, based on a press release statement, is provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is authorized by the Financial Conduct Authority in the UK. Terms and conditions may apply to the distribution and use of this information.
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