|Free Dividend Report|
|NGG Dividend History|
|NGG Stock Split History|
|Preferred Stock Newsletter|
|NGG Options Chain|
|NGG Message Board|
National Grid (NGG) has 1 split in our NGG split history database. The split for NGG took place on May 22, 2017. This was a 916 for 1000 reverse split, meaning for each 1000 shares of NGG owned pre-split, the shareholder now owned 916 shares. For example, a 1000 share position pre-split, became a 916 share position following the split.
When a company such as National Grid conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the NGG split history from start to finish, an original position size of 1000 shares would have turned into 916 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into National Grid shares, starting with a $10,000 purchase of NGG, presented on a split-history-adjusted basis factoring in the complete NGG split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||8.48%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||7.86%|
|About National Grid|
|National Grid is a holding company. Through its subsidiaries, Co. owns and operates regulated electricity and gas infrastructure networks in the U.K. and the U.S. Co.'s operating segment are: U.K. Electricity Transmission, which provides high-voltage electricity transmission services; U.K. Gas Transmission, which includes the supply of high-pressure gas transmission services; U.S. Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks; and National Grid Ventures and Other activities, which includes electricity interconnectors, LNG at Grain, commercial metering, property sales and rental income, and insurance. According to our NGG split history records, National Grid has had 1 split.|
|NGG Split History Table|
|05/22/2017||916 for 1000|
|Utilities Stock Splits|
|NGG is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:|