National Grid: Utility Stock at Great Value With Big Dividend
National Grid (NGG) is a gas utility, which is based in the United Kingdom but also offers electricity in the northeastern United States. Its shares were cut in half, reduced from a high of $65 in 2007 to $30 in early 2009. The shares are now trading at only $38.30, with recent volume indicating that money is flowing into the name. As for the fundamentals, the shares trade 8.9X earnings, 3X book value, and 8.4X cash value ($3B+ cash on hand). Among all gas utilities, National Grid has the top Return on Equity (ROE) and one of the top operating margins. National Grid offers a 7.62% dividend yield in an industry known for a safe haven investment, but ranks highest among the gas utilities in terms of yield.... Read more
Latest Price: $ 88.48
Dividend Yield (TTM): 3.53%
- 2025-05-30: $ 2.06
- 2025-11-21: $ 1.07
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