NiSource Inc.
NIUtilities · Stock · quarterly payer
Forward Yield
2.61%
Annual Dividend
$1.20
Payout Ratio
57%
5-Yr Growth
5.9%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of July 2026, NiSource Inc. (NI) yields 2.61% ($1.20 per share annually), with a blended fair-value estimate of $42.19 — -8% downside, so it screens as fairly valued. Dividend safety grade: A (86/100). 14 years of dividend growth.
Is NI a good dividend stock?
YesNiSource Inc. (NI) pays a quarterly dividend yielding 2.61% ($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
- Comfortable payout ratio (57%)
- Strong 5.9% 5-yr dividend growth
- 87% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2004
Key Data
- Dividend Yield
- 2.61%
- Payout Ratio
- 57%
- Annual Dividend
- $1.20
- 5-Yr Avg Growth
- 5.9%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.54
- Market Cap
- $21.8B
- P/E Ratio
- 22.9
- 5-Yr Total Return
- 87%
- 52-Week Range
- $38.45 – $49.21
- Dividend Safety
- A · 86/100
- Ever Cut?
- Yes (2004)
Frequently Asked Questions
NI Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+72%
5 Years
+87%
52-Week Range
$38.45 – $49.21
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NI worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for NiSource Inc. is $42.19 per share, versus a market price of $45.98. That implies the stock is roughly fairly priced.
Fair Value
$42.19
Current Price
$45.98
Gap
-8%
Margin of Safety
-9%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), 9.1% stage-1 growth, 2.5% terminal growth, $2.01 EPS, $1.20 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NI Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 30, 2026 | — | $0.3000 | regular |
| Feb 3, 2026 | — | $0.3000 | regular |
| Oct 31, 2025 | — | $0.2800 | regular |
| Jul 31, 2025 | — | $0.2800 | regular |
| Apr 30, 2025 | — | $0.2800 | regular |
| Feb 3, 2025 | — | $0.2800 | regular |
| Oct 31, 2024 | — | $0.2650 | regular |
| Jul 31, 2024 | — | $0.2650 | regular |
| Apr 29, 2024 | — | $0.2650 | regular |
| Feb 2, 2024 | — | $0.2650 | regular |
| Oct 30, 2023 | — | $0.2500 | regular |
| Jul 28, 2023 | — | $0.2500 | regular |
| Apr 27, 2023 | — | $0.2500 | regular |
| Feb 6, 2023 | — | $0.2500 | regular |
Income Calculator
At $1.20 / yr per share
