The ex-dividend date for NiSource (NYSE:NI) is tomorrow, April 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $31.22 as of 9:30 a.m., the dividend yield is 3.1%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for NiSource (NYSE: NI) is tomorrow, April 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $31.22 as of 9:30 a.m. ET, the dividend yield is 3.1%. The average volume for NiSource has been two million shares per day over the past 30 days. NiSource has a market cap of $9.68 billion and is part of the utilities sector and utilities industry. Shares are up 25.1% 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 22.7, 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full NiSource Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.