Dividends history


Next dividend

View details of the next dividend for ordinary shareholders click here and see information on American Depositary Receipts.

Amendments to American Depositary Receipt (ADR) Deposit Agreement

The Company has amended the deposit agreement under which the American Depositary Shares (ADS)s representing its ordinary shares are issued to allow a fee of up to $0.05 per ADS to be charged for any cash distribution made to ADS holders, including cash dividends, in line with common market practice in order to cover costs associated with the management of the ADR programme.

ADS holders who receive a cash dividend will be charged a fee, which will be deducted by the Depositary from interim and final cash dividends prior to distribution of the cash dividend. 

A fee of $0.01 per ADR was deducted from cash dividends for the 2020/21 interim dividend.

Last dividend

For details of the last dividend paid to ordinary shareholders click here and for American Depositary Receipts click here.

Previous dividends

The attached spreadsheet includes details of dividends paid by National Grid, National Grid Group and Lattice Group.

Scrip dividend scheme

For details of the scrip dividend scheme please visit the ordinary shareholders Dividends page.

ADS holders and stamp duty reserve tax (SDRT)

Previously, the ADS scrip reference price included a deduction of 1.5% SDRT but following a tax tribunal decision in 2012, HM Revenue & Customs no longer seek to impose 1.5% SDRT on issues of UK shares and securities to non-EU clearance services and depositary receipt systems. Any ADS holders who wish to seek a refund of SDRT that they have paid previously should speak to their tax advisor.