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

NiSource, Inc (NYSE:NI) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Friday, October 30th will be given a dividend of $0.30 per share by the utilities provider on Friday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 30th.

NiSource has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. NiSource has a payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NiSource to earn $2.25 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 53.3%.

NiSource Stock Performance

NYSE:NI opened at $43.66 on Wednesday. NiSource has a 52 week low of $38.42 and a 52 week high of $49.21. The stock’s fifty day moving average is $41.06 and its two-hundred day moving average is $44.80.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Equities research analysts predict that NiSource will post 2.05 EPS for the current fiscal year.

About NiSource

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.