NiSource (NI) will raise its quarterly dividend by 5.0 percent to $0.21 per share in the first quarter of 2020. This marks the 9th consecutive year of annual dividend increases for the energy holding company.
The next dividend is payable February 20, 2020 to shareholders of record as of February 11, 2020. A new annualized dividend of 84 cents per share yields 2.9% at a stock price of $29.31.
NiSource Inc. is an energy holding company. The company operates a natural gas pipeline and provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts. NiSource also provides electric service in the northern part of Indiana. The company's subsidiary NIPSCO owns and operates coal-fired electric generating stations.