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The Company's principal operations are the ownership and operation of regulated electricity and gas infrastructure networks in the UK and the US.
National Grid (NYSE: NGG ) has a customer base half the size of Duke Energy, but it also has a secret weapon. Although its business in New York, Massachusetts, and Rhode Island won't skyrocket anytime soon (average 0.27% growth), investors would be wise to remember that 67% of this corporation's profits comes from its U.K. operations.The 2011 U.K. census reported the kingdom's largest population increase ever. With a 7% growth rate, the U.K. grew by 3.7 million people, compared with the United States' 2.2 million additions.Read my full bullish take here: http://www.fool.com/investing/general/2012/09/01/1-utility-indicator-no-ones-watching.aspx
"Plus, its 7.4% dividend is an attractive enticement for any income investor."Must've been a dividend cut because I compute 4.2%...
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