NiSource Declares Common and Preferred Stock Dividends

Rhea-AI Summary

On August 11, 2020, NiSource Inc. (NYSE: NI) announced a quarterly common stock dividend of 21 cents per share, payable on November 20, 2020, to shareholders of record by October 30, 2020. Additionally, dividends for preferred stocks were declared: $28.25 per share on Series A and $406.25 per share on Series B, both payable on December 15, 2020. These dividends reflect the company's commitment to returning value to shareholders while maintaining operational stability.

Positive

• Quarterly common stock dividend of 21 cents per share enhances shareholder value.
• Preferred stock dividends of $28.25 and $406.25 indicate strong financial health and commitment to investors.

Negative

• None.

MERRILLVILLE, Ind., Aug. 11, 2020 /PRNewswire/ -- The Board of Directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of 21 cents per share, payable November 20, 2020 to shareholders of record as of October 30, 2020.

The board also declared a dividend of $28.25 per share on the corporation's 5.650% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, equal to $0.02825 per $1 of its liquidation preference, payable December 15, 2020 to stockholders of record at the close of business on November 23, 2020; 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 December 15, 2020 to stockholders of record at the close of business on November 23, 2020.

About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource's approximately 8,400 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 declared by NiSource Inc. on August 11, 2020?

NiSource Inc. declared a quarterly common stock dividend of 21 cents per share on August 11, 2020.

When will the NiSource Inc. dividend be paid?

The common stock dividend will be paid on November 20, 2020, to shareholders of record by October 30, 2020.

What dividends were declared for preferred stock by NiSource Inc.?

NiSource Inc. declared a dividend of $28.25 per share on Series A preferred stock and $406.25 per share on Series B preferred stock.

When will the preferred stock dividends be paid?

The preferred stock dividends will be paid on December 15, 2020, to stockholders of record at the close of business on November 23, 2020.