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Featured MNV Articles:
| National Grid Series Preferred Stock Ex-Dividend ReminderBy Preferred Stock Channel Staff, Tuesday, June 13, 1:39 PM ET
On 6/15/23, National Grid plc's 3.90% Series Preferred Stock (NMK.PRC) will trade ex-dividend, for its quarterly dividend of $0.975, payable on 6/30/23. As a percentage of NMK.PRC's recent share price of $82.00, this dividend works out to approximately 1.19%, so look for shares of NMK.PRC to trade 1.19% lower — all else being equal — when NMK.PRC shares open for trading on 6/15/23. On an annualized basis, the current yield is approximately 4.88%, which compares to an average yield of 6.34% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, NMK.PRC was trading at a 20.00% discount to its liquidation preference amount. The chart below shows the one year performance of NMK.PRC shares, versus NGG:
Below is a dividend history chart for NMK.PRC, showing historical dividends prior to the most recent $0.975 on National Grid plc's 3.90% Series Preferred Stock: Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Tuesday trading, National Grid plc's 3.90% Series Preferred Stock (NMK.PRC) is currently up about 2.5% on the day, while the common shares (NYSE:NGG) are off about 0.4%.
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