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

Key Points

• NiSource declared a quarterly dividend of $0.30 per share, payable November 20 to shareholders of record on October 30. The dividend implies a 2.9% annualized yield, and the company has raised its dividend for 14 consecutive years.
• The utility’s dividend appears supported by earnings, with a current payout ratio of 59.7% and an expected future payout ratio of 52.6% based on projected earnings of $2.28 per share.
• NiSource reported quarterly EPS of $0.16, in line with estimates, while revenue of $1.34 billion exceeded the $1.15 billion consensus forecast. Shares recently traded at $41.98, below their 50-day and 200-day moving averages.

NiSource, Inc (NYSE:NI - Get Free Report) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Friday, October 30th will be paid 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 yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th.

NiSource has increased its dividend by an average of 0.1%per year 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 research 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 Down 0.1%

NI stock traded down $0.03 during trading on Wednesday, reaching $41.98. 1,964,390 shares of the stock traded hands, compared to its average volume of 4,490,438. The business's 50 day moving average price is $46.18 and its 200-day moving average price is $46.39. NiSource has a 52-week low of $38.45 and a 52-week high of $49.21. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The firm has a market capitalization of $20.13 billion, a PE ratio of 22.33, a P/E/G ratio of 3.11 and a beta of 0.55.

NiSource (NYSE:NI - Get Free Report) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side 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.

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