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| NiSource's Series B Preferred Stock Shares Cross 6.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, November 22, 3:42 PM ET
In trading on Wednesday, shares of NiSource Inc.'s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (NYSE:NI.PRB) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.91 on the day. This compares to an average yield of 6.79% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, NI.PRB was trading at a 1.40% premium to its liquidation preference amount, versus the average discount of 18.87% in the "Utilities" category. The chart below shows the one year performance of NI.PRB shares, versus NI:
Below is a dividend history chart for NI.PRB, showing historical dividend payments on NiSource Inc.'s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, NiSource Inc.'s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (NYSE:NI.PRB) is currently up about 0.1% on the day, while the common shares (NYSE:NI) are up about 0.2%.
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