NiSource, Inc (NI) to Issue Quarterly Dividend of $0.30 on August 20th

NiSource, Inc (NYSE:NI) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Friday, July 31st will be given a dividend of 0.30 per share by the utilities provider on Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, July 31st.

NiSource has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. NiSource has a payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect NiSource to earn $2.24 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 53.6%.

NiSource Price Performance

NYSE:NI opened at $47.17 on Wednesday. The company has a 50-day moving average of $47.14 and a 200-day moving average of $44.64. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 3.76 and a beta of 0.57. NiSource has a 52 week low of $37.22 and a 52 week high of $48.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period last year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts anticipate that NiSource will post 2.05 earnings per share for the current fiscal year.

NiSource Company Profile

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.