---
title: "National Grid Adds Over 50 Million Shares for 2025/26 Scrip Dividend"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293461374.md"
description: "National Grid plc announced the application to list over 50.8 million new ordinary shares for its 2025/26 Scrip Dividend Scheme, payable on July 23, 2026. These shares rank pari passu with existing stock. While analysts maintain a 'Buy' rating with an $85.50 target, TipRanks’ AI analyst rates NGG as 'Neutral,' citing strong regulated growth and dividends offset by negative free cash flow and high leverage."
datetime: "2026-07-22T10:47:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293461374.md)
  - [en](https://longbridge.com/en/news/293461374.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293461374.md)
generator: "portal-rs"
---

# National Grid Adds Over 50 Million Shares for 2025/26 Scrip Dividend

National Grid Transco ( (NGG) ) has provided an update.

On 22 July 2026, National Grid plc announced that it had applied to the UK Financial Conduct Authority and the London Stock Exchange for the admission to listing and trading of 50,862,899 new ordinary shares tied to its Scrip Dividend Scheme for the 2025/26 final dividend, payable on 23 July 2026. The new shares, including those underlying 219,257 American Depositary Receipts for US investors, will rank pari passu with existing stock, underscoring the company’s continued use of scrip dividends to manage cash outflows while maintaining shareholder returns and supporting capital needs across its regulated energy networks.

The most recent analyst rating on (NGG) stock is a Buy  
 with a $85.50 price target.  
 To see the full list of analyst forecasts on National Grid Transco stock,  
 see the NGG Stock Forecast page. 

**Spark’s Take on NGG Stock**

According to Spark, TipRanks’ AI Analyst, NGG is a Neutral.

NGG scores as a moderate opportunity: strong multi-year regulated growth guidance and dividend progression support the outlook, but the financial profile is held back by structurally negative free cash flow and meaningful leverage. Near-term technicals also lean weak, while valuation is reasonable with a ~4% yield.

To see Spark’s full report on NGG stock,  
 click here. 

**More about National Grid Transco**

National Grid plc is a UK-based energy infrastructure company that owns and operates electricity and gas transmission and distribution networks in the United Kingdom and parts of the United States. Listed in London, it plays a critical role in national energy security and grid reliability, and its dividend policy is closely watched by income-focused investors.

**Average Trading Volume:** 1,283,810

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $82.3B

Find detailed analytics on NGG stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [NGG.US](https://longbridge.com/en/quote/NGG.US.md)
- [NG.UK](https://longbridge.com/en/quote/NG.UK.md)

## Related News & Research

- [Burnham opens up energy network in challenge to National Grid](https://longbridge.com/en/news/300454080.md)
- [National Grid wins US DOE funding for New England transmission DREAM project](https://longbridge.com/en/news/300312373.md)
- [National Grid survey shows 78% of US utilities deploy AI to manage data-center load growth](https://longbridge.com/en/news/299422732.md)
- [Short Interest in National Grid Transco, PLC (NYSE:NGG) Grows By 64.2%](https://longbridge.com/en/news/297565122.md)
- [National Grid Sets Scrip Reference Price and Timetable for 2025/26 Final Dividend](https://longbridge.com/en/news/288739481.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**