NGG•National Grid goes ex-dividend with a 32.14p payout, trimming 6.75 points from the FTSE 100 at the open. Heightened Strait of Hormuz tensions lifted Brent crude 2.6% to $96.80, pressuring energy-related stocks including National Grid.
National Grid’s shares trade ex-dividend on Thursday with a 32.14p distribution, generating the largest single adjustment of 6.75 points on the FTSE 100 index at the open.
The FTSE 100 dropped 84 points to 10,421 at 8.15am as the ex-dividend moves across major utilities and rising bond yields weighed on investor sentiment.
Brent crude rallied 2.6% to $96.80 after warning shots were fired near the Strait of Hormuz, intensifying selling pressure on energy-related stocks including National Grid.
