Royal Bank of Canada reissued their outperform rating on shares of National Grid (LON:NG – Free Report) in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has a GBX 1,125 ($14.27) price objective on the stock.
Separately, Jefferies Financial Group reissued a buy rating and issued a GBX 1,330 ($16.87) price objective on shares of National Grid in a research note on Friday, April 19th.
Check Out Our Latest Stock Report on National Grid
National Grid Stock Up 0.4 %
National Grid Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 6th will be paid a GBX 39.12 ($0.50) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 3.47%. This is an increase from National Grid’s previous dividend of $19.40. National Grid’s dividend payout ratio is currently 9,833.33%.
About National Grid
National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.
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