It recommended lifting the final dividend to 26.36p a share, taking the full-year dividend to 40.85p.
"This has been an important year for National Grid with the successful conclusion of several major strategic priorities," said CEO Steve Holliday.
"During the year we secured significant regulatory outcomes, covering over 80% of our asset base, creating much greater clarity for our businesses," he said.
"At the same time, we delivered a record operating profit and robust cash flow performance despite another year of significant storms in the US. As a result, we have built a strong platform from which to deliver organic growth and support our new dividend policy."
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