NEW YORK ( TheStreet) -- The ex-dividend date for NiSource Inc (NYSE: NI) is tomorrow, October 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 $22.93 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for NiSource has been 4.2 million shares per day over the past 30 days. NiSource has a market cap of $6.4 billion and is part of the utilities sector and utilities industry. Shares are up 28.3% year to date as of the close of trading on Tuesday.

NiSource Inc., an energy holding company, through its subsidiaries, provides natural gas, electricity, and other products and services. It operates in three segments: Gas Distribution Operations, Gas Transmission and Storage Operations, and Electric Operations. The company has a P/E ratio of 21, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates NiSource as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full NiSource Ratings Report.

See our dividend calendar or top-yielding stocks list.
null