--- title: "REG - National Grid PLC - Scrip Dividend for 2025/26 Interim Dividend" description: "National Grid PLC announced the scrip dividend reference price for the 2025/26 interim dividend: 1,130.40 pence per ordinary share and US$74.2334 per ADR. The timetable includes key dates such as the " type: "news" locale: "en" url: "https://longbridge.com/en/news/267725626.md" published_at: "2025-11-27T16:30:01.000Z" --- # REG - National Grid PLC - Scrip Dividend for 2025/26 Interim Dividend > National Grid PLC announced the scrip dividend reference price for the 2025/26 interim dividend: 1,130.40 pence per ordinary share and US$74.2334 per ADR. The timetable includes key dates such as the scrip election date and dividend payment date. Terms and conditions are available on the company's website. RNS Number : 3382J National Grid PLC 27 November 2025 27 November 2025 National Grid plc ('National Grid' or the 'Company') Scrip Dividend for 2025/26 Interim Dividend National Grid today announces the scrip dividend reference price for the 2025/26 interim dividend. A timetable is provided below. For ordinary shareholders, the scrip dividend reference price for the 2025/26 interim dividend is 1,130.40 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. For American Depositary Receipt ('ADR') holders, the scrip ADR reference price for the 2025/26 interim dividend is US$74.2334. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates. The terms and conditions of the Scrip Dividend Scheme are available on the Investors section of the Company's website and from Equiniti (0800 169 7775). 2025/26 interim dividend timetable: 6 November 2025 2025/26 half-year results and interim dividend amount declared - 16.35 pence per ordinary share; $1.0657 per ADR\* 20 November 2025 Ex-dividend date - ordinary shares 21 November 2025 Ex-dividend date - ADRs 21 November 2025 Record date 27 November 2025 Scrip reference price announced 8 December 2025 (by 5pm EST) Scrip election date for 2025/26 interim dividend - ADRs 11 December 2025 (by 5pm GMT) Scrip election date for 2025/26 interim dividend - ordinary shares 13 January 2026 2025/26 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 2025/26 interim dividend. This fee does not apply to ADRs received through the scrip dividend. Julian Baddeley Group Company Secretary This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. 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