Dividends - Ordinary Shares

Next dividend

Type Announced Ex-dividend Record date Payment date Amount per share
2020/21 final 20 May 2021 3 June 2021 4 June 2021 18 August 2021 32.16 pence

Scrip dividend alternative

Announcement date Scrip reference price Scrip election date
10 June 2021 915.86 pence 21 July 2021 (5pm London time) 

The scrip dividend reference price is calculated as the average closing mid-market price of an ordinary share for the five dealing days commencing with, and including, the ex-dividend date.

What changes have been made to UK dividend taxation?

The amount of tax that a UK resident individual shareholder who has elected to receive new ordinary shares pursuant to the Scheme is liable for will depend on the total amount of dividend income that individual receives in the tax year. Such individuals who receive dividend income of £2,000 or less in the tax year will be taxed at a nil rate on such dividend income (including the 'cash equivalent of the new ordinary shares' issued pursuant to the Scheme). For the purposes of calculating dividend income, UK resident individuals should include all income received on dividends from any company in the tax year including any 'cash equivalent of the new ordinary shares' received pursuant to dividend schemes, including but not limited to the Scheme. The £2,000 limit is referred to as an individual's Dividend Allowance.

If you have any doubts about how this change impacts your tax position, please refer to the government's guidance or speak to a professional tax advisor.

Dividends directly into your bank/building society account

To ensure your dividend reaches you on the payment date, have your dividends paid directly into your bank or building society account.

If you have not already set-up a dividend mandate and would like to take advantage of this secure and convenient way of receiving your dividends, please visit the Equiniti website.

Lost Dividend Cheque(s)

If you require a replacement dividend cheque, please contact our Registrars, Equiniti. Please note there may be a charge for the re-issue of a dividend cheque

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ADRs

Read everything that you need to know on ADR dividends.

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Scrip Dividend Scheme

Full details about the National Grid Scrip Dividend Scheme including Terms & Conditions can be found here.