NiSource Series B Preferred Shares Break 6% Yield Bar

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IOn Wednesday trading, shares of NiSource Inc. 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Actions (ticker: NI.PRB) were returning above the 6% mark based on its quarterly dividend ( annualized to $ 1.625), with stocks changing hands as low as $ 27.03 on the day. This compares to an average return of 5.51% in the “Utilities” preferred share category, according to Favorite Stock Channel. At the last close, NI.PRB was trading at a premium of 8.72% over its liquidation preference amount, compared to an average premium of 3.66% in the “Utilities” category.

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

NI.PRB + Dividend + History + Graph

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

In Wednesday’s trading, NiSource Inc.’s 6.50% Fixed Rate Cumulative Perpetual Redeemable Preferred Shares Series B (ticker: NI.PRB) are currently up about 0.2% on the day, while that the ordinary shares (symbol: NI) are extinguished. about 0.3%.

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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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