NiSource Declares Common and Preferred Stock Dividends

Rhea-AI Summary

On August 10, 2021, NiSource Inc. (NYSE: NI) announced a quarterly common stock dividend of 22 cents per share, payable on November 19, 2021, to shareholders of record by October 29, 2021. Additionally, the company declared preferred stock dividends of $28.25 for the 5.650% Series A and $406.25 for the 6.50% Series B, both payable on December 15, 2021, to shareholders of record by November 23, 2021. NiSource serves over 3.2 million natural gas customers and is a member of the Dow Jones Sustainability - North America Index.

Positive

• Quarterly common stock dividend of 22 cents per share boosts shareholder income.
• Preferred stock dividends declared reflect the company's commitment to investors.

Negative

• None.

MERRILLVILLE, Ind., Aug. 10, 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 November 19, 2021 to stockholders of record at the close of business on October 29, 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 December 15, 2021 to stockholders of record at the close of business on November 23, 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 1/1000th interest in a share of the Series B Preferred Stock, payable December 15, 2021 to stockholders of record at the close of business on November 23, 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. 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?

The dividend amount declared for common stock is 22 cents per share.

When is the dividend for NiSource common stock payable?

The dividend is payable on November 19, 2021.

What are the details of the preferred stock dividends declared by NiSource?

NiSource declared a dividend of $28.25 for the Series A and $406.25 for the Series B, both payable on December 15, 2021.

When do shareholders need to be on record to receive the dividends?

Shareholders must be on record by October 29, 2021, for common stock and by November 23, 2021, for preferred stock.

How many customers does NiSource serve?

NiSource serves approximately 3.2 million natural gas customers and 500,000 electric customers.