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While we worry about ridiculously high electricity bills, one would think that unit prices were also rising for National Grid… but no. Their profits are 1.1bn up on 2020 at £4bn. How exactly? Free energy? cityam.com/national-grid-… Read carolinecoram.substack.com/p/making-elect… #EnergyCon
This is operating profit before the April 22 rises. Let’s check out their quarterly report in two months time. If you sign up to this website seekingalpha.com/article/451328… you can read the latest Update from their board. Plans are to invest 35bn in infrastructure…??
Dividend per share 50.97 pence. With total market capitalisation at April 1st of £42.61bn, share price of £11.76 and shares outstanding (issued) of 3.623bn…. Total dividend payout will be 1.84 Billion Pounds to investors. 27.8 million households = £66.19 from each home approx.
