NiSource declares common and preferred stock dividends

Rhea-AI Summary

On August 9, 2022, NiSource Inc. (NYSE: NI) announced a quarterly dividend of 23.5 cents per share, payable on November 18, 2022, to stockholders of record by October 31, 2022. Additionally, dividends of $28.25 and $406.25 per share were declared for the Series A and Series B Preferred Stocks, respectively, both payable on December 15, 2022. These dividends underscore NiSource's commitment to returning value to shareholders while maintaining its role as a significant utility provider in the U.S.

Positive

• Quarterly dividend of 23.5 cents per share reflects company confidence.
• Preferred stock dividends of $28.25 and $406.25 indicate strong financial health.

Negative

• None.

MERRILLVILLE, Ind., Aug. 9, 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 November 18, 2022 to stockholders of record at the close of business on October 31, 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 December 15, 2022 to stockholders of record at the close of business on November 23, 2022

In addition, the board 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 December 15, 2022 to stockholders of record at the close of business on November 23, 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)?

NiSource declared a quarterly dividend of 23.5 cents per share.

When will the NiSource dividend be paid?

The dividend will be paid on November 18, 2022.

What are the payment dates for the preferred stock dividends?

Preferred stock dividends are payable on December 15, 2022.

Who are the stockholders of record for NiSource's dividends?

Stockholders of record will be those on file by October 31, 2022, for common stock and November 23, 2022, for preferred stocks.