NiSource’s Series B Preferred Stock Shares Cross 6% Yield Mark


In trading on Tuesday, shares of NiSource Inc.’s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (Symbol: NI.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $26.90 on the day. This compares to an average yield of 5.17% in the “Utilities” preferred stock category, according to Preferred Stock Channel. As of last close, NI.PRB was trading at a 8.72% premium to its liquidation preference amount, versus the average premium of 6.54% in the “Utilities” category.

Below is a dividend history chart for NI.PRB, showing historical dividend payments on NiSource Inc.’s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock:

NI.PRB+Dividend+History+Chart


Free Report: Top 7%+ Dividends (paid monthly)


In Tuesday trading, NiSource Inc.’s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (Symbol: NI.PRB) is currently down about 0.6% on the day, while the common shares (Symbol: NI) are up about 0.6%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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