The National Grid Plc Board has approved an interim dividend of 19.40p per ordinary share ($1.1899 per American Depositary Share). This represents 35% of the total dividend per share of 55.44p in respect of the last financial year to 31 March 2023 and is in line with the Group's dividend policy. The interim dividend is expected to be paid on 11 January 2024 to shareholders on the register as at 24 November 2023.
Since 2021/22, the Board's aim has been to grow the annual dividend per share in line with UK CPIH, thus maintaining the dividend per share in real terms. The Board will review this policy regularly, taking into account a range of factors including expected business performance and regulatory developments.
The scrip dividend alternative will again be offered in respect of the 2023/24 interim dividend. As previously announced, they do not expect to buy back the scrip shares issued during 2023/24.
