Nisource's latest quarterly cash dividend of $0.25 per share was issued to shareholders on record before Apr 27, 2023. The dividend distribution stands at $0.97 per share annually, which comes to a dividend yield of 3.61%.
Nisource's dividend yield of 3.61% is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 3.32%, Nisource's dividend yield is 9% higher. The current dividend yield is higher than the historical average of 3.2% of the last 5 years.
Nisource has been paying dividends for the last 29 years. Our records show that NI has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 7% since twelve months ago. And with the price of the stock down by 14% from a year ago, the dividend yield marks an increase of 25%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 27, 2023 | May 19, 2023 | Mar 14, 2023 | $0.25 | normal |
| Feb 6, 2023 | Feb 17, 2023 | Jan 26, 2023 | $0.25 | normal |
| Oct 28, 2022 | Nov 18, 2022 | Aug 9, 2022 | $0.235 | normal |
| Jul 28, 2022 | Aug 19, 2022 | May 24, 2022 | $0.235 | normal |
| Apr 28, 2022 | May 20, 2022 | Mar 15, 2022 | $0.235 | normal |
| Feb 7, 2022 | Feb 18, 2022 | Jan 26, 2022 | $0.235 | normal |
| Oct 28, 2021 | Nov 19, 2021 | Aug 10, 2021 | $0.22 | normal |
| Jul 29, 2021 | Aug 20, 2021 | May 25, 2021 | $0.22 | normal |
| Apr 29, 2021 | May 20, 2021 | Mar 16, 2021 | $0.22 | normal |
| Feb 8, 2021 | Feb 19, 2021 | Jan 27, 2021 | $0.22 | normal |
| Oct 29, 2020 | Nov 20, 2020 | Aug 11, 2020 | $0.21 | normal |
| Jul 30, 2020 | Aug 20, 2020 | May 19, 2020 | $0.21 | normal |
| Apr 29, 2020 | May 20, 2020 | Mar 17, 2020 | $0.21 | normal |
| Feb 10, 2020 | Feb 20, 2020 | Jan 31, 2020 | $0.21 | normal |
| Oct 30, 2019 | Nov 20, 2019 | Aug 6, 2019 | $0.2 | normal |
| Jul 30, 2019 | Aug 20, 2019 | May 6, 2019 | $0.2 | normal |
| Apr 29, 2019 | May 20, 2019 | Mar 19, 2019 | $0.2 | normal |
| Feb 8, 2019 | Feb 20, 2019 | Feb 1, 2019 | $0.2 | normal |
| Oct 30, 2018 | Nov 20, 2018 | Aug 7, 2018 | $0.195 | normal |
| Jul 30, 2018 | Aug 20, 2018 | May 8, 2018 | $0.195 | normal |
| Apr 27, 2018 | May 18, 2018 | Mar 27, 2018 | $0.195 | normal |
| Feb 8, 2018 | Feb 20, 2018 | Jan 26, 2018 | $0.195 | normal |
| Oct 30, 2017 | Nov 20, 2017 | Aug 8, 2017 | $0.175 | normal |
| Jul 27, 2017 | Aug 18, 2017 | May 9, 2017 | $0.175 | normal |
| Apr 26, 2017 | May 19, 2017 | Mar 21, 2017 | $0.175 | normal |
| Feb 8, 2017 | Feb 17, 2017 | Jan 27, 2016 | $0.175 | normal |
| Oct 27, 2016 | Nov 18, 2016 | Aug 9, 2016 | $0.165 | normal |
| Jul 27, 2016 | Aug 19, 2016 | May 11, 2016 | $0.165 | normal |
| Apr 27, 2016 | May 20, 2016 | Mar 22, 2016 | $0.155 | normal |
| Feb 4, 2016 | Feb 19, 2016 | Jan 27, 2016 | $0.155 | normal |
| Oct 28, 2015 | Nov 20, 2015 | Aug 4, 2015 | $0.155 | normal |
Nisource's payout ratio of 61% is below the Utilities sector and the industry average. If we compare it with its Utilities sector average of 65.6%, Nisource's payout ratio is 7% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| DUK Duke Energy CORP | 4.5% | $4.02 | 129.7% |
| NI Nisource Inc | 3.61% | $0.97 | 61% |
| SRE Sempra Energy | 3.22% | $4.63 | 59.3% |
| ATO Atmos Energy Corp | 2.52% | $2.9 | 50.2% |
| CPK Chesapeake Utilities Corp | 1.68% | $2.14 | 42.5% |
Yes, Nisource has been paying dividends for the last 29 years.
NI's next dividend is scheduled on Jul 28, 2023 (ex-date).
Nisource's last dividend ex-date was on Apr 27, 2023. The dividend amount was $0.25 per share.
NI's annualized dividend per share is $0.97.
Nisource's current dividend yield is 3.61%.
Nisource pays four dividends per year.
Nisource's dividend payout ratio is 61%.
Nisource's dividend yield is higher than the Utilities sector average.