NiSource, Inc (NYSE:NI) Announces Quarterly Dividend of $0.30

NiSource, Inc (NYSE:NI) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Friday, October 30th will be given a dividend of 0.30 per share by the utilities provider on Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 30th.

NiSource has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. NiSource has a payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NiSource to earn $2.28 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 52.6%.

NiSource Stock Up 0.2%

NYSE NI traded up $0.08 on Wednesday, hitting $42.09. 2,287,092 shares of the company were exchanged, compared to its average volume of 4,493,782. The company has a market cap of $20.18 billion, a PE ratio of 22.39, a PEG ratio of 3.11 and a beta of 0.55. NiSource has a 12 month low of $38.45 and a 12 month high of $49.21. The stock has a fifty day moving average of $46.18 and a 200-day moving average of $46.39. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts forecast that NiSource will post 2.05 earnings per share for the current 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.