NiSource Declares Common and Preferred Stock Dividends

Rhea-AI Summary

The board of directors of NiSource today declared a quarterly common stock dividend of 22 cents per share, payable on August 20, 2021 to stockholders of record by July 30, 2021. Additionally, a dividend of $406.25 per share on the 6.50% Series B Preferred Stock will be paid on September 15, 2021 to stockholders of record by August 24, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states, emphasizing reliability and sustainability in energy delivery.

Positive

• Quarterly dividend of 22 cents per share enhances shareholder returns.
• Preferred stock dividend of $406.25 reflects strong financial management.

Negative

• None.

MERRILLVILLE, Ind., May 25, 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 August 20, 2021 to stockholders of record at the close of business on July 30, 2021.

The board also declared today 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 1/1000th interest in a share of the Series B Preferred Stock, payable September 15, 2021 to stockholders of record at the close of business on August 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 declared by NiSource for common stock?

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

When is the NiSource common stock dividend payable?

The common stock dividend is payable on August 20, 2021.

What is the dividend on NiSource's preferred stock?

The dividend on the 6.50% Series B Preferred Stock is $406.25 per share.

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on September 15, 2021.

What is the record date for the common stock dividend?

The record date for the common stock dividend is July 30, 2021.