NiSource, Inc (NI) To Go Ex-Dividend on July 31st

NiSource, Inc (NYSE:NI) announced a quarterly dividend on Monday, May 11th. Investors 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 yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st.

NiSource has raised its dividend by an average of 0.1%annually over the last three years and has raised 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. 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 Trading Up 0.1%

Shares of NI opened at $45.84 on Wednesday. The stock has a fifty day moving average price of $46.85 and a two-hundred day moving average price of $46.35. 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 has a 52-week low of $38.45 and a 52-week high of $49.21. The company has a market cap of $21.98 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 3.36 and a beta of 0.55.

NiSource (NYSE:NI) last posted 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. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts predict that NiSource will post 2.08 EPS for the current fiscal year.

About NiSource

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.