3 Dec 2020 13:00
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3 December 2020
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National Grid plc ('National Grid' or 'Company')
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Scrip Dividend for 2020/21 Interim Dividend
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The optional scrip dividend, allowing shareholders to receive new fully paid ordinary shares in the Company, instead of a cash dividend, is available to ordinary shareholders on the register on 27 November 2020, the dividend record date. A timetable is provided below.
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For ordinary shareholders, the scrip dividend reference price for the 2020/21 interim dividend is 864.44 pence. This is calculated as the average closing mid-market price of an ordinary share for the five dealing days commencing with, and including, the ordinary share ex-dividend date.
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For American Depositary Receipt (ADR) holders, the scrip ADR reference price for the 2020/21 interim dividend is US$57.7160. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates.
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The current terms and conditions of the scrip dividend scheme are available in the Investors section on the Company's website and from Equiniti (0800 169 7775).
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2020/21Â interim dividend timetable:
12 November 2020 Â Â | 2020/21 half year results and interim dividend amount declared - 17.00 pence per ordinary share; $1.1285 per ADR* | ||
25 November 2020 | ADRs go ex-dividend for 2020/21 interim dividend | ||
26 November 2020 Â | Ordinary shares go ex-dividend for 2020/21 interim dividend | ||
27 November 2020 | Record date for 2020/21 interim dividend | ||
3 December 2020 | Scrip reference price announced | ||
14 December 2020 | Scrip election date for 2020/21 interim dividend (5pm London time) | ||
13 January 2021 | 2020/21 interim dividend paid to qualifying shareholders | ||
 * The figure shown is gross of a $0.01 per ADR interim dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2020/21 interim dividend. This fee does not apply to ADRs received through the scrip dividend.
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Megan Barnes
Head of Company Secretariat
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