National Grid Plc

National Grid Plc focuses on the transmission and distribution of gas and electricity in the United Kingdom and the USA.

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Latest: Comparing National Grid's dividends with SSE's

Let's start with a bit of history

In February 1997, shareholders of British Gas approved the demerger of Centrica, as British Gas was renamed BG plc.

Centrica Plc is the company that supplies gas to millions of homes under the British Gas brand name. BG held on to British Gas's transportation and storage business (Transco) and the exploration and production arms, as well as a few other bits and pieces.

In December 1999, BG plc completed a financial restructuring that resulted in the creation of a new parent company, BG Group plc. This was followed, in October 2000, with the demerger of the gas pipeline business Lattice Group Plc creating two separate companies.

In October 2002, Lattice Group merged with National Grid to form National Grid Transco. And in July 2005 National Grid Transco was renamed National Grid plc in order to provide what the company described as 'a unifying identity across its operations'.

And what about its activities?

The Group owns the high-voltage electricity transmission networks in the United Kingdom and Wales, and operates the system across the entire UK. It also owns and operates the high pressure gas transmission system in the United Kingdom. Its gas distribution business delivers gas to 11 million homes and businesses.

The Company also owns liquefied natural gas storage facilities in the UK and provide infrastructure services to the mobile telecom industry.

In the United States, the Group distributes electricity to approximately 3.3 million customers in the northeastern United States. It is the largest power producer in New York State, supplying around a quarter of New York City's electricity needs.

The Company is the distributor of natural gas in the northeastern United States, serving approximately 3.4 million customers.

Why should Utilities be in your retirement portfolio?

And what about National Grid's
Dividend Record?

The Group enjoys predictable revenues and earnings, which enables high levels of debt to be serviced as well as sustainable dividend pay-outs.

In January 2008, the Group announced a new dividend policy of targeted dividend increases of 8 per cent in each of the four financial years through to 31 March 2012.

Over the years, the Group has offered some of the most stable dividend distributions.

Introducing Dividend Value Profiles

Want to know which dividend paying company to buy?
When to buy dividend paying companies? When to sell?

Our Dividend Value Profiles show you what we buy, when we buy and when we sell in our own real-money Dividend Income Portfolio.

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Information and Resources

National Grid Plc:



WE WOULD LIKE TO POINT OUT, THAT:

1.the above mentioned Dividend Updates are solely examples of a UK listed company's future dividend intentions and is not to be construed as a share recommendation. Neither Early Retirement Investor nor EMAR Publishing are registered as an investment advisor or as an independent financial advisor and do not provide individualised advice

2.the price of shares and investments and the income derived from them can go down as well as up, and investors may not get back the amount they invested

3.where the information consists of pricing or performance data, the data contained therein has been obtained from company reports, financial reporting services, periodicals, and other sources believed reliable

4.data computations are not guaranteed by Early Retirement Investor.com or any of the data providers and may not be complete.

5.The editor or contributors may have an interest in the share mentioned.

6.Dividend yields move up and down. As a company’s share price increases the dividend yield falls. And vice versa: if the share price falls the dividend yield increases.

Return to Rising Dividends for announcements from other companies with an amended dividend policy.


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