NEW YORK ( TheStreet) -- The ex-dividend date for NiSource (NYSE: NI) is tomorrow, July 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $25.35 as of 9:30 a.m. ET, the dividend yield is 3.8%.

The average volume for NiSource has been 2.4 million shares per day over the past 30 days. NiSource has a market cap of $7.13 billion and is part of the utilities sector and utilities industry. Shares are up 5.5% year to date as of the close of trading on Wednesday.

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 25.6, equal to the average utilities industry P/E ratio 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 good cash flow from operations and solid stock price performance. 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.

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