NiSource Announces Increase in Common Stock Dividend Rate
NiSource Declares Quarterly Dividend for Shareholders
NiSource Inc. has recently made an important announcement regarding its quarterly dividend. The company's board of directors declared a dividend payment of $0.28 per share for its common stock. This payment is scheduled for distribution on a forthcoming date to those stockholders who are on record at the specified cutoff date.
Understanding NiSource's Commitment to Shareholder Value
With an emphasis on maximizing shareholder value, NiSource continues to demonstrate its dedication by maintaining a consistent dividend policy. The dividend payment strengthens the company's commitment to rewarding its investors while signaling financial health and stability, positioning it favorably in the eyes of prospective investors.
Dividend Payment Details
The quarterly dividend of $0.28 reminds us of NiSource's ongoing strategy to maintain reliability for its investors. This payment will be distributed to all stockholders who hold shares up to the specified date, ensuring that committed investors can benefit from this consistent financial policy.
About NiSource
NiSource Inc. is known as one of the largest regulated utility providers in the country, catering to around 3.3 million natural gas customers and 500,000 electric consumers across six states. Under the Columbia Gas and NIPSCO brands, NiSource's mission revolves around delivering safe and reliable energy, prioritizing value for its customers.
Sustainability and Diversity Initiatives
NiSource not only focuses on profitability but also emphasizes sustainability and diversity within its corporate structure. The company's dedication has landed it a spot in the Dow Jones Sustainability - North America Index. Furthermore, NiSource was recognized by TIME Magazine as one of the World’s Best Companies and listed on Forbes’ America’s Best Employers for Diversity, showcasing its commitment to community and employee well-being.
NiSource’s Role in the Energy Sector
As an influential player in the utility sector, NiSource is continuously adapting to meet the energy needs of millions while ensuring corporate governance and ethical practices guide its operations. The company invests significantly in community initiatives while adhering to its vision of being an innovative and trusted energy partner.
Future Outlook
Looking forward, NiSource remains focused on enhancing its energy offerings and sustainability efforts. The company's commitment to innovation and social responsibility positions it as a leader in the energy sector, paving the way for future growth and development in this critical industry.
Frequently Asked Questions
What is the declared dividend amount for NiSource?
NiSource has declared a quarterly common stock dividend payment of $0.28 per share.
When is the dividend payment scheduled?
The dividend payment is scheduled to be made on a specified date to shareholders of record by a specified cutoff date.
What does NiSource do?
NiSource is one of the largest fully-regulated utility companies providing natural gas and electric services across multiple states.
How many customers does NiSource serve?
NiSource serves approximately 3.3 million natural gas customers and 500,000 electric customers.
Is NiSource recognized for its sustainability efforts?
Yes, NiSource is a member of the Dow Jones Sustainability - North America Index, highlighting its commitment to sustainability.
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