NiSource, Inc (NYSE:NI) to Issue Quarterly Dividend of $0.30

NiSource, Inc (NYSE:NI) announced a quarterly dividend on Monday, May 11th. Stockholders of record on Friday, July 31st will be given a dividend of 0.30 per share by the utilities provider on Thursday, August 20th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st.

NiSource has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. NiSource has a dividend payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. Analysts expect NiSource to earn $2.24 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 53.6%.

NiSource Trading Up 0.6%

NYSE:NI opened at $47.01 on Tuesday. NiSource has a one year low of $37.22 and a one year high of $48.98. The business has a fifty day moving average price of $47.14 and a 200-day moving average price of $44.62. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 3.73 and a beta of 0.57. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts forecast that NiSource will post 2.05 EPS for the current year.

About NiSource

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.