National Grid Dividend yield

National Grid is part of Gas Water and Multiutilities business, which is part of Utilities industry. National Grid is a company from UK, and his stocks are publicly traded.

National Grid stock dividend

National Grid paid a total dividend of 2,022 million GBP last year, for a market value of 36,402 millions (Market Cap 36,362 millions). National Grid dividend per share is 0.55 GBP, and his stock market price 9.90 GBP.

According to the chart below, where dividend yield is displayed, National Grid has a dividend yield of 5.60%, which is higher than the amount offered by both the market average and companies from UK. It is also bigger than average of Utilities industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare National Grid stocks dividend with other Gas Water and Multiutilities companies or other of the highest UK dividend stocks list.

National Grid Dividend Payout

About the ability of National Grid to maintain his current dividend of GBP 0.55 per share, an amount that accounts for 5.60%, we should study its payout ratio both on earnings and on cash-flows (see chart below). National Grid payout on ernings is currently 67.90%, which is higher than the market average, and companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures show that National Grid can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of National Grid is GBP 1.55 per share, which is higher than the dividend per share paid by the company of GBP 0.55, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of National Grid, compared againt world market average, UK companies, Utilities industry and Gas Water and Multiutilities sector companies.

National Grid Dividend History

Below you will find a table with the historical evolution of National Grid's dividend stock, both in percentage and in GBP, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	GBP	Paypout	Shares*
Present	5.60%	0.55	67.90%	3,677
2022	5.17%	0.52	71.23%	3,647
2021	4.66%	0.49	96.08%	3,617
2020	5.66%	0.49	119.51%	3,510
2019	5.07%	0.48	100.00%	3,480
2018	6.09%	0.47	43.12%	3,399
2017	5.10%	0.45	19.07%	3,391
2016	4.76%	0.43	59.72%	3,772
2015	4.66%	0.43	75.44%	3,772

*In millions

Then you can see the evolution of National Grid dividend stock, and compare it with the average of UK stocks and that of the Gas Water and Multiutilities stocks.

National Grid Stock performance

Finally, last moth National Grid showed a return of -4.00% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a -8.10% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for UK and Gas Water and Multiutilities firms.