You are here: Home - Investing - Experienced Investor - News -

Stock of the week: National Grid

Written by:
Helal Miah, investment research analyst at The Share Centre, picks power and gas distributor National Grid as stock of the week.

Only a matter of days ago, National Grid confirmed that Britain had gone a full 24-hour cycle without using coal to produce any of the country’s electricity. Commenting on the shift in energy reliant, the company said that it is adapting its “system operation to embrace these changes.”

In April, the British company reported that earnings per share will be 5p more than forecasted as a result of higher electricity and gas volumes. Encouragingly, the firm is increasing its expansion across the US as it focuses on improving the return on its operations in this region. Income seeking investors should appreciate that National Grid provides an attractive dividend yield of 4.2% which is expected to grow at least in line with inflation.

We have long been fans of the group for income seekers and though the share price came under pressure in the latter part of 2016 the shares have recovered to above pre-Brexit levels. We therefore continue with our ‘buy’ recommendation for lower risk income seeking investors.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Taxpayers get all their money back from Lloyds bailout

The government has recovered all of the £20.3bn it injected into Lloyds Banking Group during the financial crisis.