Current Yield
2.47%
TTM Dividend/Share
$1.16
Payment Frequency
Quarterly
Payout Ratio
57.7%
Consecutive Growth Years
13 (Dividend Contender)
Key takeaways
- Dividend Contender — NiSource (NI) has raised its dividend for 13 consecutive years.
- NiSource (NI) currently yields 2.47%, paying $1.16 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 57.7% — the share of earnings distributed as dividends.
- 5 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 5.92% (growth is decelerating).
Dividend yield valuation for NiSource (NI)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 2.47% |
1-year average yield | 2.69%now 0.22 pp below |
3-year average yield | 3.25%now 0.78 pp below |
5-year average yield | 3.47%now 1.00 pp below |
NI: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for NiSource (NI)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 8.4% |
FCF payout ratio | 268.8% |
Net debt / EBITDA | 5.3x |
Interest coverage | 2.72x |
ROIC (TTM) | 6.1% |
Dividend safety score for NiSource (NI)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
5 of 8 checks passed
Payout ratio below 75%
Payout ratio is 57.7%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-1.4B — FCF does not fully cover the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
13 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 268.8%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 5.3x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.9%) ≤ EPS growth (52.1%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
161 payments from 1984 to 2026 · Adj. Dividend is split-adjusted
| Jul 31, 2026 | Aug 20, 2026 | $0.3000 | $0.3000 |
| Apr 30, 2026 | May 20, 2026 | $0.3000 | $0.3000 |
| Feb 3, 2026 | Feb 20, 2026 | $0.3000 | $0.3000 |
| Oct 31, 2025 | Nov 20, 2025 | $0.2800 | $0.2800 |
| Jul 31, 2025 | Aug 20, 2025 | $0.2800 | $0.2800 |
| Apr 30, 2025 | May 20, 2025 | $0.2800 | $0.2800 |
| Feb 3, 2025 | Feb 20, 2025 | $0.2800 | $0.2800 |
| Oct 31, 2024 | Nov 20, 2024 | $0.2650 | $0.2650 |
| Jul 31, 2024 | Aug 20, 2024 | $0.2650 | $0.2650 |
| Apr 29, 2024 | May 20, 2024 | $0.2650 | $0.2650 |
| Feb 2, 2024 | Feb 20, 2024 | $0.2650 | $0.2650 |
| Oct 30, 2023 | Nov 20, 2023 | $0.2500 | $0.2500 |
- Jul 31, 2026$0.3000
- Apr 30, 2026$0.3000
- Feb 3, 2026$0.3000
- Oct 31, 2025$0.2800
- Jul 31, 2025$0.2800
- Apr 30, 2025$0.2800
- Feb 3, 2025$0.2800
- Oct 31, 2024$0.2650
- Jul 31, 2024$0.2650
- Apr 29, 2024$0.2650
- Feb 2, 2024$0.2650
- Oct 30, 2023$0.2500
Historical dividend yield for NiSource (NI)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.69%5Y: 3.47%10Y: 3.38%
Dividend per share for NiSource (NI)
CAGR (per year)1Y: 5.66%5Y: 5.92%10Y: 8.09%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1984 | $0.08 | 1 |
| 1985 | $0.31 | 4 |
| 1987 | $0.03 | 1 |
| 1988 | $0.12 | 4 |
| 1989 | $0.17 | 4 |
| 1990 | $0.20 | 4 |
| 1991 | $0.23 | 4 |
| 1992 | $0.24 | 4 |
| 1993 | $0.26 | 4 |
| 1994 | $0.28 | 4 |
| 1995 | $0.31 | 4 |
| 1996 | $0.33 | 4 |
| 1997 | $0.35 | 4 |
| 1998 | $0.38 | 4 |
| 1999 | $0.40 | 4 |
| 2000 | $0.42 | 4 |
| 2001 | $0.46 | 4 |
| 2002 | $0.46 | 4 |
| 2003 | $0.43 | 4 |
| 2004 | $0.36 | 4 |
| 2005 | $0.36 | 4 |
| 2006 | $0.36 | 4 |
| 2007 | $0.36 | 4 |
| 2008 | $0.36 | 4 |
| 2009 | $0.36 | 4 |
| 2010 | $0.36 | 4 |
| 2011 | $0.36 | 4 |
| 2012 | $0.52 | 4 |
| 2013 | $0.39 | 4 |
| 2014 | $0.40 | 4 |
| 2015 | $0.51 | 4 |
| 2016 | $0.64 | 4 |
| 2017 | $0.70 | 4 |
| 2018 | $0.78 | 4 |
| 2019 | $0.80 | 4 |
| 2020 | $0.84 | 4 |
| 2021 | $0.88 | 4 |
| 2022 | $0.94 | 4 |
| 2023 | $1.00 | 4 |
| 2024 | $1.06 | 4 |
| 2025 | $1.12 | 4 |
| 2026 | $0.90 | 3 |
Dividend growth for NiSource (NI)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $1.1200 | — | — |
| 2025 | $1.0600 | $1.1200 | +5.7% |
| 2024 | $1.0000 | $1.0600 | +6.0% |
| 2023 | $0.9400 | $1.0000 | +6.4% |
| 2022 | $0.8800 | $0.9400 | +6.8% |
| 2021 | $0.8400 | $0.8800 | +4.8% |
| 2020 | $0.8000 | $0.8400 | +5.0% |
| 2019 | $0.7800 | $0.8000 | +2.6% |
| 2018 | $0.7000 | $0.7800 | +11.4% |
| 2017 | $0.6400 | $0.7000 | +9.4% |
| 2016 | $0.5143 | $0.6400 | +24.4% |
| 2015 | $0.4008 | $0.5143 | +28.3% |
| 2014 | $0.3851 | $0.4008 | +4.1% |
| 2013 | $0.5150 | $0.3851 | -25.2% |
| 2012 | $0.3615 | $0.5150 | +42.5% |
| 2011 | $0.3615 | $0.3615 | 0.0% |
| 2010 | $0.3615 | $0.3615 | 0.0% |
| 2009 | $0.3615 | $0.3615 | 0.0% |
| 2008 | $0.3615 | $0.3615 | 0.0% |
| 2007 | $0.3615 | $0.3615 | 0.0% |
| 2006 | $0.3615 | $0.3615 | 0.0% |
| 2005 | $0.3615 | $0.3615 | 0.0% |
| 2004 | $0.4322 | $0.3615 | -16.4% |
| 2003 | $0.4558 | $0.4322 | -5.2% |
| 2002 | $0.4558 | $0.4558 | 0.0% |
| 2001 | $0.4244 | $0.4558 | +7.4% |
| 2000 | $0.4008 | $0.4244 | +5.9% |
| 1999 | $0.3772 | $0.4008 | +6.3% |
| 1998 | $0.3536 | $0.3772 | +6.7% |
| 1997 | $0.3301 | $0.3536 | +7.1% |
| 1996 | $0.3065 | $0.3301 | +7.7% |
| 1995 | $0.2829 | $0.3065 | +8.3% |
| 1994 | $0.2593 | $0.2829 | +9.1% |
| 1993 | $0.2436 | $0.2593 | +6.5% |
| 1992 | $0.2279 | $0.2436 | +6.9% |
| 1991 | $0.2043 | $0.2279 | +11.5% |
| 1990 | $0.1650 | $0.2043 | +23.8% |
| 1989 | $0.1179 | $0.1650 | +40.0% |
| 1988 | $0.0295 | $0.1179 | +300.0% |
| 1987 | $0.3065 | $0.0295 | -90.4% |
| 1985 | — | $0.3065 | — |
- 2026—
- 2025$1.1200
- 2024$1.0600
- 2023$1.0000
- 2022$0.9400
- 2021$0.8800
- 2020$0.8400
- 2019$0.8000
- 2018$0.7800
- 2017$0.7000
- 2016$0.6400
- 2015$0.5143
- 2014$0.4008
- 2013$0.3851
- 2012$0.5150
- 2011$0.3615
- 2010$0.3615
- 2009$0.3615
- 2008$0.3615
- 2007$0.3615
- 2006$0.3615
- 2005$0.3615
- 2004$0.3615
- 2003$0.4322
- 2002$0.4558
- 2001$0.4558
- 2000$0.4244
- 1999$0.4008
- 1998$0.3772
- 1997$0.3536
- 1996$0.3301
- 1995$0.3065
- 1994$0.2829
- 1993$0.2593
- 1992$0.2436
- 1991$0.2279
- 1990$0.2043
- 1989$0.1650
- 1988$0.1179
- 1987$0.0295
- 1985$0.3065
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
NiSource (NI) Key Financials
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