NiSource Declares Common and Preferred Stock Dividends

Rhea-AI Summary

On March 16, 2021, NiSource Inc. (NYSE: NI) announced the declaration of a quarterly common stock dividend of 22 cents per share, payable on May 20, 2021, to stockholders of record by April 30, 2021. Additionally, dividends were declared for preferred stocks: $28.25 per share on the 5.650% Series A stock, and $406.25 for the 6.50% Series B stock, both payable on June 15, 2021. These dividends reflect the company's ongoing commitment to returning value to shareholders.

Positive

• Declared a quarterly common stock dividend of 22 cents per share, enhancing shareholder income.
• Dividends for preferred stocks demonstrate strong financial health and commitment to shareholders.

Negative

• None.

MERRILLVILLE, Ind., March 16, 2021 /PRNewswire/ -- The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of 22 cents per share, payable May 20, 2021 to stockholders of record at the close of business on April 30, 2021.

The board also declared today a dividend of $28.25 per share on the corporation's outstanding shares of the 5.650% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, equal to $0.02825 per $1 of its liquidation preference, payable June 15, 2021 to stockholders of record at the close of business on May 24, 2021; and, a dividend of $406.25 per share on the corporation's 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, equal to $0.40625 per depositary share, each representing a 1/1000^th interest in a share of the Series B Preferred Stock, payable June 15, 2021 to stockholders of record at the close of business on May 24, 2021.

About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.2 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource's approximately 7,500 employees are focused on safely delivering reliable and affordable energy to our customers and communities we serve. NiSource is a member of the Dow Jones Sustainability - North America Index and the Bloomberg Gender Equality Index and has been named by Forbes magazine among America's Best Large Employers since 2016. Additional information about NiSource, its investments in modern infrastructure and systems, its commitments and its local brands can be found at www.nisource.com. Follow us at www.facebook.com/nisource, www.linkedin.com/company/nisource or www.twitter.com/nisourceinc. NI-F

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SOURCE NiSource Inc.

FAQ

What is the dividend amount for NiSource Inc. (NI) in 2021?

NiSource Inc. declared a quarterly common stock dividend of 22 cents per share.

When will the dividend for common stock be paid to shareholders?

The dividend will be paid on May 20, 2021, to stockholders of record by April 30, 2021.

What is the dividend payout date for preferred stockholders of NiSource (NI)?

The dividends for preferred stocks will be payable on June 15, 2021.

How much is the preferred stock dividend declared by NiSource Inc. (NI)?

The declared dividend is $28.25 per share for the 5.650% Series A preferred stock and $406.25 per share for the 6.50% Series B preferred stock.