NiSource Series B Preferred Shares Cross 6.5% Yield Threshold

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IIn Monday’s trading, NiSource Inc.’s 6.50% Series B Fixed Rate Redeemable Perpetual Preferred Shares (ticker: NI.PRB) were trading above the 6.5% mark based on its quarterly dividend (annualized at $1.625), with shares changing hands as low as $24.95 on the day. That compares to an average return of 6.07% in the Utilities preferred stock category, according to Preferred Stock Channel. As of last close, NI.PRB was trading at a premium of 1.36% to its preferred liquidation amount, compared to an average discount of 6.25% in the Utilities category.

The graph below shows the one-year performance of NI.PRB shares, compared to NI:

Below is a historical dividend chart for NI.PRB, showing historical dividend payments on the 6.50% Series B Fixed Rate Perpetual Preferred Shares of NiSource Inc.

NI.PRB+Dividend+Historical+Chart


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

In Monday trading, NiSource Inc.’s 6.50% Series B Fixed Rate Redeemable Perpetual Preferred Shares (ticker: NI.PRB) are currently up about 0.1% on the day, while ordinary shares (symbol: NI) are up about 1.4%.

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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