NiSource has kept its quarterly dividend level by declaring the same amount as its most recent disbursements. The company will hand out $0.24 per share of its common stock on May 20 to shareholders of record as of April 30. This keeps the distribution in line with the natural gas and electricity company's recent dividend policy -- it has paid that amount in each of its last three quarters.
Before that, NiSource had disbursed $0.23 per share consistently since late 2003.
The company's current dividend annualizes to $0.96 per share, which yields 3.4% at NiSource's current stock price of $28.63.
The article NiSource Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in NiSource. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.