NiSource Inc. (NI) Announces Quarterly Dividend of $0.20

NiSource Inc. (NYSE:NI) announced a quarterly dividend on Friday, January 26th, RTT News reports. Investors of record on Friday, February 9th will be paid a dividend of 0.195 per share by the utilities provider on Tuesday, February 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, February 8th. This is an increase from NiSource’s previous quarterly dividend of $0.18.

NiSource has decreased its dividend by an average of 11.8% annually over the last three years. NiSource has a payout ratio of 58.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NiSource to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 54.7%.

NiSource (NYSE NI) opened at $23.97 on Friday. NiSource has a 52 week low of $21.92 and a 52 week high of $27.76. The stock has a market cap of $8,163.88, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.87 and a beta of 0.24. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. NiSource had a net margin of 5.61% and a return on equity of 8.97%. The firm had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $901.00 million. During the same period last year, the firm earned $0.06 earnings per share. equities research analysts predict that NiSource will post 1.19 EPS for the current year.

NI has been the topic of a number of recent research reports. Zacks Investment Research cut shares of NiSource from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. KeyCorp reaffirmed a “buy” rating and issued a $29.50 price objective on shares of NiSource in a research note on Friday, October 20th. Goldman Sachs Group raised shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, January 10th. Jefferies Group reaffirmed a “hold” rating and issued a $26.00 price objective on shares of NiSource in a research note on Wednesday, December 20th. Finally, Citigroup raised their price objective on shares of NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $27.14.

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NiSource Company Profile

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

Dividend History for NiSource (NYSE:NI)

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