NiSource: dividend yield
A $7-billion company, NiSource (NI) is currently trading at a dividend yield of 3%, while the Utilities Select Sector SPDR (XLU) yields 3.5%. NiSource’s yield has fallen substantially in the past couple of years due to its declining dividends.
The company’s per-share dividends in the past five years have, in fact, declined 7%, compounded annually. The stock price surge during this period could also be the cause of NiSource’s falling yield.
Peer dividend yields
You can learn more about which utility will likely pay higher dividends in 2017 in Market Realist’s D, DUK, NEE, and SO: Top Utilities’ Dividends.
In the next and final part of this series, we’ll discuss what the analysts have to say about NiSource and its peers.