National Grid stock: November 19 ex-dividend date approaches

National Grid's ordinary shares are scheduled to trade ex-dividend on Thursday, November 19, marking the key shareholder date in the UK utility's interim distribution. The company set the first-half dividend at 16.97 pence per share in its results for the six months ended September 30, 2026. The timetable was included in the SEC filing published on November 5.

Investors buying the ordinary shares on or after the ex-dividend date will not receive this interim payment. The record date is Friday, November 20, while the dividend is scheduled to be paid on January 12, 2027, according to the company's published timetable.

Investment Growth Drives Outlook

National Grid reported revenue of GBP 8.138 billion for the first half, up from GBP 7.065 billion a year earlier. Underlying operating profit reached GBP 2.591 billion, compared with GBP 2.292 billion in the prior-year period. Underlying earnings per share rose to 36.5 pence from 29.8 pence.

Capital investment was GBP 6.707 billion in the six months, compared with GBP 5.052 billion a year earlier. For fiscal 2026/27, National Grid expects to deploy about GBP 13.5 billion, while underlying earnings per share are expected to increase by 15% to 16% from the 2025/26 baseline.

The company also reiterated a five-year plan to invest at least GBP 70 billion through March 2031. Management expects underlying earnings per share to grow at a compound annual rate of 8% to 10% from the 2025/26 baseline of 78.0 pence.

National Grid stock traded at 15.28 euros on Lang & Schwarz at 17:54 CET on Sunday, November 15.

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