PID - Why UK's National Grid Shares Are Diving Today | Benzinga
National Grid plc (NYSE:NGG) shares are trading lower after the company reported an equity raise of £7 billion and a year-over-year decrease in full-year revenue results.
In its 2023/24 full-year, adjusted EPS increased 32% year over year to £0.84, and gross revenue declined 8% year over year to £19.850 billion.
Underlying operating profit rose 4% Y/Y to £4.8 billion (+6% Y/Y at constant currency), aided by growth in revenues in UK Electricity Transmission through the RIIO-T2 price control, non-recurrence of Western Link liquidated damages, and higher rates in New York and New England.
Dividend: The company disclosed a final dividend of 39.12 pence, ...