The ex-dividend date for NiSource (NYSE:NI) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $24.36 as of 9:30 a.m., the dividend yield is 3.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for NiSource (NYSE: NI) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $24.36 as of 9:30 a.m. ET, the dividend yield is 3.8%. The average volume for NiSource has been three million shares per day over the past 30 days. NiSource has a market cap of $6.9 billion and is part of the utilities sector and utilities industry. Shares are up 2.2% 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 23.1, below the average utilities industry P/E ratio of 23.6 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates NiSource as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full NiSource Ratings Report. See our dividend calendar or top-yielding stocks list.