You should not invest any money you cannot afford to lose, and you should not rely on any dividend income to meet your living expenses. The value of stocks, shares and any dividend income may fall as well as rise and is not guaranteed, so you may get back less than you invested. No liability is accepted by the author, The Motley Fool Ltd or Richdale Brokers and Financial Services Ltd for any loss or detriment experienced by any individual from any decision, whether consequent to, or in any way related to the content provided by The Motley Fool Ltd the provision of which is an unregulated activity. If you require any personal advice or recommendations, please speak to an independent qualified financial adviser. No content should be relied upon as constituting personal advice or a personal recommendation, when making your decisions. The content provided has not taken into account the particular circumstances of any specific individual or group of individuals and does not constitute personal advice or a personal recommendation. Any opinions expressed are the opinions of the authors only. We have taken reasonable steps to ensure that any information provided by The Motley Fool Ltd, is accurate at the time of publishing. As such, I think it is a dividend stock to buy. So, I think it is wanting from a growth investment perspective.īut going by its recent performance and plans, I also think it can be a stable dividend stock that will not cost me my capital. It does not have the steady upward movement visible across other defensive shares. National Grid’s long-term share price trend over the last three years or so is also discouraging. I think while the potential break-up is a valid concern, it is a concern for tomorrow. Further, we do not know how much it contributes to the company’s business. This has been seen as a potential conflict of interest with its electricity transmission business.īut the break-up has not happened yet, and who knows if it will in the future. In this role, the company currently manages demand and supply of electricity in the UK. There has been talk of separating its electricity systems operation, which has already become a legal entity in its own right. However, some regulatory challenges could still be in store for National Grid. It will also invest between £30bn and 35bn over the next five years to enable energy transition. It has entered a partnership with Germany’s RWE to develop offshore wind projects in the US. To that extent, it is making forays in renewable energy generation. The electricity and gas supplier also has an eye to the long term. It expects the compound annual growth rate (CAGR) of EPS between 2020-26 to be in the 5%-7% range. Eye to the futureīut the company is positive about the future. And its underlying figures are unlikely to sag as well. In effect, National Grid’s results suggest to me that statutory numbers may not show such strong growth in the next year. On the other hand, underlying numbers have been negatively affected by Covid-19. The glaring difference in performance between the two measures is explained by exceptional items that have bumped up statutory earnings. However, on an underlying basis, PBT was down by 3% and EPS fell 7%. Its statutory results showed National Grid’s profit before tax (PBT) was up by 19% and earnings per share were up by 27%. The results were a mixed bag, but I think that should not get in the way of its future dividend payouts.
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