National Grid Transco, PLC (NGG) to Issue Dividend of $2.17 on July 23rd

National Grid Transco, PLC (NYSE:NGG) announced a dividend on Thursday, May 14th. Shareholders of record on Friday, May 29th will be paid a dividend of 2.1738 per share by the utilities provider on Thursday, July 23rd. This represents a yield of 542.0%. The ex-dividend date is Friday, May 29th.

National Grid Transco has decreased its dividend payment by an average of 0.0%annually over the last three years. National Grid Transco has a payout ratio of 77.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect National Grid Transco to earn $6.59 per share next year, which means the company should continue to be able to cover its $4.30 annual dividend with an expected future payout ratio of 65.3%.

National Grid Transco Stock Performance

Shares of NGG stock opened at $87.66 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $86.48 and a two-hundred day moving average price of $83.55. National Grid Transco has a 12-month low of $67.51 and a 12-month high of $94.64.

National Grid Transco Company Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.