National Grid plc (NGG): A Top UK Dividend Stock and Top JPMorgan Utility Play

National Grid plc (NYSE:NGG) is one of the UK’s highest-dividend stocks. The company has paid dividends for over two decades and pays twice a year. The stock boasts of a quarterly dividend of $0.81 a share and a dividend yield of 4.01%.

On June 4, National Grid plc (NYSE:NGG) announced the scrip dividend reference price for its 2025/26 final dividend. The reference price for ordinary shareholders was set at 1,197.70 pence, while American Depositary Receipt holders received a scrip ADR reference price of $80.5453.

The company had earlier declared a final dividend of 32.14 pence per ordinary share and $2.1738 per ADR, with a record date of May 29. Shareholders must make their scrip election by June 18, while ADR holders have until June 15. The final dividend payment date is scheduled for July 23.

National Grid noted that a $0.02 per ADR fee applies to cash distributions but not to ADRs received through the scrip dividend. The scheme allows investors to opt for new shares instead of cash, with full terms available via the company’s website and Equiniti.

National Grid plc (NYSE:NGG) is an investor-owned energy company that owns and operates the high-voltage electricity transmission systems and local gas/electricity distribution networks across parts of the United States (primarily New York and Massachusetts) and the United Kingdom (specifically England and Wales).

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