National Grid 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, and 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.
National Grid PLCSets scrip dividend reference price; no impact on company value, only administrative detail.