NiSource declares common and preferred stock dividends

Rhea-AI Summary

The board of directors of NiSource (NYSE: NI) has declared a quarterly common stock dividend of 25 cents per share, payable on May 19, 2023, to stockholders on record as of April 28, 2023. 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 will be paid on June 15, 2023, to stockholders of record by May 24, 2023. NiSource serves approximately 3.3 million natural gas customers and 500,000 electric customers across six states, emphasizing reliability and affordability.

Positive

• Quarterly common stock dividend of 25 cents per share enhances shareholder income.
• Continued payment of preferred stock dividends demonstrates company stability.

Negative

• None.

MERRILLVILLE, Ind., March 14, 2023 /PRNewswire/ -- The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of 25 cents per share, payable May 19, 2023, to stockholders of record at the close of business on April 28, 2023.

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, 2023, to stockholders of record at the close of business on May 24, 2023.

In addition, the board declared 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, 2023, to stockholders of record at the close of business on May 24, 2023.

About NiSource

NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 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 7,300 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. The content of these websites is not incorporated by reference into this document or any other report or document NiSource files with the SEC. NI-F

View original content to download multimedia:https://www.prnewswire.com/news-releases/nisource-declares-common-and-preferred-stock-dividends-301772207.html

SOURCE NiSource Inc.

FAQ

What is the dividend amount declared by NiSource on March 14, 2023?

NiSource declared a quarterly common stock dividend of 25 cents per share.

When will NiSource's common stock dividend be paid?

The common stock dividend will be paid on May 19, 2023.

What are the record dates for NiSource's dividends?

The record date for the common stock dividend is April 28, 2023, while the record date for preferred stock dividends is May 24, 2023.

How much is the dividend for Series A Preferred Stock?

The dividend for Series A Preferred Stock is $28.25 per share.

What is the dividend payment date for NiSource's preferred stock?

The preferred stock dividends will be paid on June 15, 2023.