National Grid plc (LON:NG) announced a dividend on Thursday, November 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 22nd will be given a dividend of GBX 16.08 ($0.21) per share on Wednesday, January 9th. This represents a yield of 1.92%. The ex-dividend date of this dividend is Thursday, November 22nd. The official announcement can be viewed at this link.
Shares of NG stock traded up GBX 6.90 ($0.09) during mid-day trading on Thursday, reaching GBX 845.40 ($11.05). The stock had a trading volume of 1,883,300 shares, compared to its average volume of 10,850,000. National Grid has a 12-month low of GBX 733 ($9.58) and a 12-month high of GBX 1,097 ($14.33).
A number of brokerages have recently weighed in on NG. JPMorgan Chase & Co. set a GBX 950 ($12.41) price target on National Grid and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank reiterated a “hold” rating and set a GBX 860 ($11.24) price objective on shares of National Grid in a research report on Monday. Goldman Sachs Group upgraded National Grid to a “neutral” rating and lifted their price objective for the stock from GBX 836 ($10.92) to GBX 858 ($11.21) in a research report on Tuesday, October 30th. Berenberg Bank dropped their price objective on National Grid from GBX 1,050 ($13.72) to GBX 950 ($12.41) and set a “buy” rating for the company in a research report on Wednesday, October 10th. Finally, Cfra set a GBX 750 ($9.80) price objective on National Grid and gave the stock a “sell” rating in a research report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 912 ($11.92).
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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