NiSource boosts quarterly dividend

The board of NiSource declared a quarterly common stock dividend payment of 25c per share, payable February 17 to stockholders of record at the close of business on February 7. This represents an annualized common dividend payment of $1 per share, an increase of more than 6% over the 2022 payment of 94c. "This significant common dividend increase is consistent with the NiSource premium utility growth plan we unveiled at our Investor Day," said CEO Lloyd Yates. "We continue to target a 60%-70% payout ratio as a key component of our projected 9%-11% total shareholder return proposition."