NEW YORK ( TheStreet) -- The ex-dividend date for NiSource (NYSE: NI) is tomorrow, July 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $20.98 as of 9:32 a.m. ET, the dividend yield is 4.4%.

The average volume for NiSource has been three million shares per day over the past 30 days. NiSource has a market cap of $5.9 billion and is part of the utilities sector and utilities industry. Shares are up 19.4% year to date as of the close of trading on Monday.

NiSource Inc., an energy holding company, through its subsidiaries, provides natural gas, electricity, and other products and services. It operates in four segments: Gas Distribution Operations, Gas Transmission and Storage Operations, Electric Operations, and Other Operations. The company has a P/E ratio of 19.9, below the average utilities industry P/E ratio of 20.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates NiSource as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, growth in earnings per share, solid stock price performance, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full NiSource Ratings Report.

See our dividend calendar or top-yielding stocks list.

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