NiSource, Inc (NI) To Go Ex-Dividend on April 30th

NiSource, Inc (NYSE:NI) declared a quarterly dividend on Tuesday, March 17th. Shareholders of record on Thursday, April 30th will be given a dividend of 0.30 per share by the utilities provider on Wednesday, May 20th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, April 30th.

NiSource has increased its dividend payment 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 payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NiSource to earn $2.03 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 59.1%.

NiSource Trading Down 1.4%

Shares of NiSource stock opened at $46.62 on Thursday. The company’s fifty day simple moving average is $45.16 and its 200-day simple moving average is $43.31. The stock has a market capitalization of $22.31 billion, a PE ratio of 23.91, a P/E/G ratio of 3.87 and a beta of 0.64. NiSource has a 1-year low of $35.64 and a 1-year high of $47.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts anticipate that NiSource will post 1.91 earnings per share 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.