NI

NiSource Inc

27.57
USD
-0.65%
27.57
USD
-0.65%
23.78 32.59
52 weeks
52 weeks

Mkt Cap 10.82B

Shares Out 392.41M

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NiSource's Series B Preferred Stock Yield Pushes Past 6.5%

In trading on Tuesday, shares of NiSource Inc.'s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (Symbol: NI.PRB) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.99 on the day. This compares to an average yield of 6.14% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, NI.PRB was trading at a 0.20% premium to its liquidation preference amount, versus the average discount of 6.55% in the "Utilities" category. The chart below shows the one year performance of NI.PRB shares, versus NI: Below is a dividend history chart for NI.PRB, showing historical dividend payments on NiSource Inc.'s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock: In Tuesday trading, NiSource Inc.'s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (Symbol: NI.PRB) is currently off about 0.1% on the day, while the common shares (Symbol: NI) are down about 1.8%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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