NiSource (NI) Raises Quarterly Dividend 6.1% to $0.175; 3.2% Yield

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Go back to NiSource (NI) Raises Quarterly Dividend 6.1% to $0.175; 3.2% Yield

NiSource Increases Dividend 6.1 Percent

January 27, 2017 12:15 PM EST

MERRILLVILLE, Ind., Jan. 27, 2017 /PRNewswire/ -- The Board of Directors of NiSource Inc. (NYSE: NI) today declared a quarterly common dividend payment of 17.5 cents per share payable Feb. 17, 2017 to shareholders of record as of Feb. 10, 2017. This represents an increase of approximately 6.1 percent with an annualized dividend of 70 cents per share.

"Supported by the execution of our customer-focused regulated utility infrastructure investment programs, this dividend increase demonstrates our focus on sustainably increasing shareholder value," said NiSource President and CEO Joseph Hamrock. "An increasing dividend is a key part of our overall value... More