Dividend Worth Watching: National Grid Transco, PLC (NYSE:NGG) dividends will reach $0.93 on Jan 11, 2017, and this is why.

Dividend Worth Watching: National Grid Transco, PLC (NYSE:NGG) dividends will reach $0.93 on Jan 11, 2017, and this is why.

National Grid Transco, PLC (NYSE:NGG) is expected to pay $0.93 on Jan 11, 2017. The indicated annual dividend is $4.08. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on National Grid Transco, PLC’s current price of $58.00, the dividend is 1.61%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 10, 2016. The stock decreased 1.04% or $0.61 during the last trading session, hitting $58. National Grid plc (ADR) (NYSE:NGG) has declined 20.66% since April 19, 2016 and is downtrending. It has underperformed by 24.52% the S&P500.

National Grid plc is an electricity and gas utility firm focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The company has a market cap of $42.97 billion. The Company’s divisions include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York. It has a 17.29 P/E ratio.

National Grid plc (ADR) (NYSE:NGG) Ratings Coverage

Out of 8 analysts covering National Grid (NYSE:NGG), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. National Grid has been the topic of 9 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, July 29 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 19. The firm has “Overweight” rating given on Thursday, May 19 by Barclays Capital. The rating was downgraded by Bank of America to “Neutral” on Friday, October 9. The stock of National Grid plc (ADR) (NYSE:NGG) has “Hold” rating given on Friday, November 6 by Jefferies. The firm earned “Overweight” rating on Wednesday, May 4 by JP Morgan. The stock of National Grid plc (ADR) (NYSE:NGG) earned “Mkt Perform” rating by Bernstein on Wednesday, September 7. The stock of National Grid plc (ADR) (NYSE:NGG) earned “Neutral” rating by Macquarie Research on Friday, September 18. Argus Research initiated the stock with “Hold” rating in Thursday, April 7 report.

More news for National Grid plc (ADR) (NYSE:NGG) were recently published by: Fool.com, which released: “National Grid plc (ADR) Reports Solid Year, Moves Forward Under New CEO” on May 27, 2016. Marketwatch.com‘s article titled: “/quotes/zigman/3870025/realtime” and published on May 29, 2009 is yet another important article.

NGG Company Profile

National Grid plc, incorporated on July 11, 2000, is an electricity and gas utility firm focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s divisions include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York. The Company’s other activities relate to non-regulated businesses and other commercial activities not included within the above divisions, including the United Kingdom gas metering activities; the Great Britain-France Interconnector; the United Kingdom property management; a United Kingdom LNG import terminal (National Grid Grain LNG Limited); the United States LNG operations; the United States unregulated transmission pipelines; together with corporate activities.

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