NiSource (NI) Raises Quarterly Dividend 6.5% to $0.165; 2.8% Yield

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Go back to NiSource (NI) Raises Quarterly Dividend 6.5% to $0.165; 2.8% Yield

NiSource Increases Dividend 6.5 Percent

May 11, 2016 2:43 PM EDT

MERRILLVILLE, Ind., May 11, 2016 /PRNewswire/ -- The Board of Directors of NiSource Inc. (NYSE: NI) today declared a quarterly common dividend payment of 16.5 cents per share payable Aug. 19, 2016, to stockholders of record at the close of business on July 29, 2016.  This represents an increase of approximately 6.5 percent on an annualized dividend of 66 cents per share. 

"Our infrastructure investment strategy continues to deliver significant benefits to our customers and shareholders, and today's announcement underscores our focus on providing a sustainable and increasing dividend as part of our overall value proposition," said... More