NiSource declares common and preferred stock dividends

Rhea-AI Summary

On March 15, 2022, NiSource Inc. (NYSE: NI) announced a quarterly dividend of 23.5 cents per share, payable on May 20, 2022, to stockholders of record by April 29, 2022. Additionally, a dividend of $28.25 per share on the 5.65% Series A Preferred Stock and $406.25 per share on the 6.50% Series B Preferred Stock were declared, payable on June 15, 2022, with a record date of May 24, 2022. This reflects NiSource's ongoing commitment to returning value to shareholders.

Positive

• Regular quarterly dividend of $0.235 reflects shareholder value.
• Series A and B Preferred Stock dividends strengthen financial commitments.

Negative

• None.

MERRILLVILLE, Ind., March 15, 2022 /PRNewswire/ -- The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of 23.5 cents per share, payable May 20, 2022 to stockholders of record at the close of business on April 29, 2022.

The board also declared today a dividend of $28.25 per share on the corporation's outstanding shares of the 5.65% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, equal to $0.02825 per $1 of its liquidation preference, payable June 15, 2022 to stockholders of record at the close of business on May 24, 2022; 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 1/1000th interest in a share of the Series B Preferred Stock, is hereby declared, payable June 15, 2022 to stockholders of record at the close of business on May 24, 2022.

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. 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 (NI) in March 2022?

NiSource declared a quarterly common stock dividend of 23.5 cents per share.

When will the NiSource (NI) dividend be paid?

The dividend will be paid on May 20, 2022.

What are the record dates for the NiSource (NI) dividends?

The record date for the common stock dividend is April 29, 2022. For the preferred stock dividends, it's May 24, 2022.

What is the dividend for the preferred stocks declared by NiSource (NI)?

NiSource declared a $28.25 dividend for the 5.65% Series A Preferred Stock and a $406.25 dividend for the 6.50% Series B Preferred Stock.