Columbia Pipeline Group (CPGX) Initiates Qtr. Dividend at 12.5c/Share; Yields 1.8%

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Columbia Pipeline Group Declares Quarterly Common Dividend

July 2, 2015 8:15 AM EDT

HOUSTON, July 2, 2015 /PRNewswire/ -- The Board of Directors of Columbia Pipeline Group, Inc. (CPG) (NYSE: CPGX) today approved a quarterly dividend payment of 12.5 cents per share, payable August 20, 2015, to common stockholders of record at the close of business July 31, 2015.

This will be the first dividend payment made by CPG following the company's separation from NiSource Inc. (NYSE:... More

NiSource Declares Quarterly Common Dividend

July 2, 2015 8:15 AM EDT

MERRILLVILLE, Ind., July 2, 2015 /PRNewswire/ -- The Board of Directors of NiSource Inc. (NYSE: NI) today approved a quarterly dividend payment of 15.5 cents per share, payable August 20, 2015, to common stockholders of record at the close of business on July 31, 2015.

This payment will be the first dividend payment made following the separation of Columbia Pipeline Group, Inc. (NYSE: CPGX) from NiSource, which was completed on July 1, 2015. While the payout amount announced today is lower than prior quarters due to the separation, it is consistent with the company's... More

NiSource, Columbia Pipeline Group complete separation

July 2, 2015 8:00 AM EDT

MERRILLVILLE, Ind. and HOUSTON, July 2, 2015 /PRNewswire/ -- NiSource Inc. (NYSE: NI) and Columbia Pipeline Group (NYSE: CPGX) ("CPG") announced today that the separation of the two companies was completed successfully through a distribution of all the common stock of CPG held by NiSource to NiSource shareholders.

Under the terms of the distribution, effective at 11:59 p.m., New York City time, on July 1, 2015, NiSource shareholders were distributed one (1) share of CPG stock for every one (1) share of NiSource common stock they held as of... More