SmarterDividends
NI

NiSource (NI) Dividend

NiSource Inc. · Utilities · Utilities - Regulated Gas · quarterly payer

$44.60

Fairly valued · -6% Add to Portfolio

As of Nov 5, 2026, NiSource (NI) pays a quarterly dividend of $0.30 per share, or $1.20 a year, a 2.65% yield at its $44.60 share price. It pays every quarter, usually in February, May, August and November. It has raised its dividend 14 years in a row and has a dividend safety grade of A.

Forward Yield

2.65%

Annual Dividend

$1.20

Payout Ratio

61%

5-Yr Growth

5.9%

Ex-Date

Oct 30, 2026

Frequency

Quarterly

Key facts about NI's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, NiSource Inc. (NI) has a forward dividend yield of 2.65%, based on an annual dividend of $1.20 per share and a share price of $44.60.
  • As of Nov 5, 2026, NI's dividend safety grade from SmarterDividends is A (87 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, NiSource Inc. (NI) has raised its dividend for 14 consecutive years as of Nov 5, 2026.
  • NI last cut its regular dividend in 2004.
  • NI's most recent ex-dividend date was Oct 30, 2026, for a dividend of $0.30 per share.
  • As of Nov 5, 2026, NI pays out 61% of its trailing 12-month earnings as dividends (its payout ratio).
  • NI's dividend has grown at an average rate of 5.9% a year over the past five years.
  • As of Nov 5, 2026, NI's 2.65% yield is 21% below its five-year average yield of 3.34%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for NI is $41.94 per share, 6% below the $44.60 share price, so NI screens as fairly valued.
  • NiSource Inc. (NI) pays its dividend quarterly, 4 times a year.
  • NiSource Inc. (NI) has raised its regular dividend 28 times and cut it 1 time across the 162 payments on record since 1984. Its most recent change was a 7.1% increase to $0.300 per share, going ex-dividend on Feb 3, 2026. The last cut went ex-dividend on Oct 29, 2003.
  • NiSource (NI) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 7.1%, was declared on Jan 22, 2026.
Cite this page

SmarterDividends, "NI Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/NI

Is NI a good dividend stock?

Yes

NiSource Inc. (NI) pays a quarterly dividend yielding 2.65% ($1.20/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 14 consecutive years of dividend growth
  • Strong 5.9% 5-yr dividend growth
  • 82% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2004

Key Data

Dividend Yield
2.65%
Payout Ratio
61%
Annual Dividend
$1.20
5-Yr Avg Growth
5.9%
Ex-Dividend Date
Oct 30, 2026
Years of Growth
14
Frequency
quarterly
Beta
0.54
Market Cap
$21.4B
P/E Ratio
22.9
5-Yr Total Return
82%
52-Week Range
$38.42 – $49.21
Dividend Safety
A · 87/100
Ever Cut?
Yes (2004)

NI dividend raises and cuts

NiSource Inc. (NI) has raised its regular dividend 28 times and cut it 1 time across the 162 payments on record since 1984. Its most recent change was a 7.1% increase to $0.300 per share, going ex-dividend on Feb 3, 2026. The last cut went ex-dividend on Oct 29, 2003.

Ex-dateChangeOld → newMove
Feb 3, 2026Raise$0.280 → $0.300+7.1%
Feb 3, 2025Raise$0.265 → $0.280+5.7%
Feb 2, 2024Raise$0.250 → $0.265+6.0%
Feb 6, 2023Raise$0.235 → $0.250+6.4%
Feb 7, 2022Raise$0.220 → $0.235+6.8%
Feb 8, 2021Raise$0.210 → $0.220+4.8%
Feb 10, 2020Raise$0.200 → $0.210+5.0%
Feb 8, 2019Raise$0.195 → $0.200+2.6%
Feb 8, 2018Raise$0.175 → $0.195+11.4%
Feb 8, 2017Raise$0.165 → $0.175+6.1%
Jul 27, 2016Raise$0.155 → $0.165+6.5%
Jul 29, 2015Raise$0.102 → $0.155+51.7%
Show all 29 changes since 1989
Ex-dateChangeOld → newMove
Jul 29, 2014Raise$0.0982 → $0.102+4.0%
Jul 29, 2013Raise$0.0943 → $0.0982+4.2%
Jul 27, 2012Raise$0.0904 → $0.0943+4.3%
Oct 29, 2003Cut$0.114 → $0.0904−20.7%
Jan 29, 2001Raise$0.106 → $0.114+7.4%
Jan 27, 2000Raise$0.100 → $0.106+5.9%
Jan 27, 1999Raise$0.0943 → $0.100+6.2%
Jan 28, 1998Raise$0.0884 → $0.0943+6.7%
Jan 29, 1997Raise$0.0825 → $0.0884+7.1%
Jan 29, 1996Raise$0.0766 → $0.0825+7.7%
Jan 25, 1995Raise$0.0707 → $0.0766+8.3%
Jan 25, 1994Raise$0.0648 → $0.0707+9.1%
Jan 25, 1993Raise$0.0609 → $0.0648+6.5%
Jan 27, 1992Raise$0.0570 → $0.0609+6.9%
Jan 25, 1991Raise$0.0511 → $0.0570+11.5%
Jan 25, 1990Raise$0.0413 → $0.0511+23.8%
Jan 25, 1989Raise$0.0295 → $0.0413+40.0%
Every NI payment →Download every raise and cut (CSV)
NI ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →NI dividend historyEvery payment, totals by year, raises and cutsView →NI dividend calculator100 shares pay $120.00 a year, $30.00 each quarterCalculate →NI total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NI a good dividend stock?

Yes. NiSource Inc. (NI) pays a quarterly dividend yielding 2.65% ($1.20/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is NI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NI's fair value is about $41.94 versus a $44.60 share price — so it looks fairly valued (-6% vs. fair value).

Is NI's dividend safe?

NI has a dividend-safety grade of A (87/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a dividend cut in 2004, debt and yield-versus-history.

What is NI's fair value?

Our blended fair-value estimate for NI is about $41.94 per share, about 6% below the current $44.60 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NI a buy, hold, or sell?

We don't issue formal ratings, but on the data NI screens as "yes" and fairly valued. NiSource Inc. (NI) pays a quarterly dividend yielding 2.65% ($1.20/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will NI cut its dividend?

NI earns a dividend-safety grade of A (87/100), and has cut its dividend before (last in 2004). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NI pay a dividend?

Yes. NiSource Inc. pays a quarterly dividend of about $1.20 per share annually, a forward yield of roughly 2.65%.

How much dividend does 100 shares of NI pay?

At $1.20 per share a year, 100 shares of NI pay $120.00 a year in dividends before tax, about $30.00 each quarter. Buying them costs about $4,460 at the Nov 5, 2026 price.

What is NI's dividend yield?

As of Nov 5, 2026, NI's forward dividend yield is 2.65%, based on a $1.20 annual dividend and a $44.60 share price.

What is NI's dividend per share?

As of Nov 5, 2026, NI pays $1.20 per share per year, distributed on a quarterly basis.

What is NI's dividend payout ratio?

As of Nov 5, 2026, NI's payout ratio is 61% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has NI grown its dividend?

As of Nov 5, 2026, NI has increased its dividend for 14 consecutive years.

When is the next NI ex-dividend date?

As of Nov 5, 2026, NI's next ex-dividend date hasn't been announced. The most recent was Oct 30, 2026, for $0.30 per share.

Income Calculator

At $1.20 / yr per share

Per payment (quarterly)$30.00
Annual$120.00
Monthly avg$10.00
Full NI dividend calculator →

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