Key Developments: National Grid PLC (NGG)
63.07USD
22 May 2013
$-0.54 (-0.85%)
$63.61
$63.32
$63.70
$63.07
222,801
485,557
$64.56
$49.55
Latest Key Developments (Source: Significant Developments)
National Grid Plc Announces FY 2012/2013 Dividend; New Dividend Policy
National Grid Plc announced that its recommended full year dividend for fiscal year 2012/2013 is up 4% to 40.85 pence in line with its one year policy. The Company also announced that a new dividend policy is to apply from April 1, 2013 which aims to grow the ordinary dividend at least in line with the rate of RPI inflation each year. Full Article
National Grid Plc Announces Interim Dividend
National Grid Plc announced that for the year ending March 2014 the interim dividend is expected to be 14.49p, thereafter it is intended that the interim dividend be determined as 35% of the previous year's full year dividend. Full Article
National Grid Plc Announces Scrip Dividend For 2012/13 Interim Dividend
National Grid Plc announced that the optional scrip dividend, allowing shareholders to receive new fully paid ordinary shares in the Company, instead of a cash dividend, is available to shareholders on the register on November 30, 2012, the dividend record date. For ordinary shareholders, the scrip dividend reference price for the 2012/13 interim dividend is 702.5 pence. This 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. Full Article
National Grid Plc Announces Interim Dividend
National Grid Plc announced that the Board has approved an increase in the interim dividend to 14.49p per ordinary share ($1.1497 per American Depositary Share) in line with policy of targeting 4% growth in the dividend in the current financial year. The interim dividend is expected to be paid on January 16, 2013 to shareholders on the register as at November 30, 2012. Full Article
National Grid Plc Completes Sale Of Granite State Electric Company And Energy North Natural Gas Inc. To Algonquin Power & Utilities Corp.'s Liberty Energy Utilities (New Hampshire) Corp
National Grid Plc announced that on July 3, 2012 it completed the sale of its New Hampshire electric and gas distribution businesses (Granite State Electric Company and Energy North Natural Gas Inc.) to Liberty Energy Utilities (New Hampshire) Corp., a subsidiary of Algonquin Power & Utilities Corp. The gross proceeds from the transaction totalled $309 million, including working capital of $24 million and will be used for general funding purposes. Full Article
UK, Norway agree to press on with $2.6 bln power link project
LONDON, May 15 - Britain and Norway agreed on Wednesday to continue work on a project to link up their electricity grids by 2020 with what would be the world's longest subsea power cable, giving Britain access to Norway's vast reserves of carbon-free hydropower.
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