National Grid gains as investors eye dividend and bond yields
National Grid rose 1.1% to 1,295p in London morning trade as markets reopened after the UK bank holiday. The stock moved ahead of its May 28 ex-dividend date and amid investor focus on lower gilt yields and the company’s rising grid investment. FTSE 100 gained 0.63% early. National Grid’s net debt climbed 7% to £44.2 billion as annual capital investment hit a record £11.6 billion.