PR Newswire
MERRILLVILLE, Ind., May 11, 2016
MERRILLVILLE, Ind., May 11, 2016 /PRNewswire/ -- The Board
of Directors of NiSource Inc. (NYSE: NI) today declared a quarterly common dividend payment of 16.5
cents per share payable Aug. 19, 2016, to stockholders of record at the close of business on
July 29, 2016. This represents an increase of approximately 6.5 percent on an annualized
dividend of 66 cents per share.
"Our infrastructure investment strategy continues to deliver significant benefits to our customers and shareholders, and
today's announcement underscores our focus on providing a sustainable and increasing dividend as part of our overall value
proposition," said NiSource President and CEO Joseph Hamrock. "With a focus on executing
the full potential of our utility infrastructure strategy, grounded in more than $30 billion in
long-term identified investments to fuel our plan, we continue to expect to deliver on our commitment to deliver annual earnings
and dividend growth at 4 to 6 percent."
About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the
United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states
through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource's
more than 7,500 employees are focused on safely delivering reliable and affordable energy to our customers and communities we
serve. NiSource has been designated a World's Most Ethical Company by the Ethisphere Institute since 2012 and is a member of the
Dow Jones Sustainability – North America Index. Additional information about NiSource, its investments in modern infrastructure
and systems, its commitments and its local brands can be found at www.nisource.com. NI-F
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of federal securities laws. These
forward-looking statements are subject to various risks and uncertainties. Examples of forward-looking statements in this release
include statement regarding NiSource's or any of its subsidiaries' business, performance, infrastructure investments and
growth. Factors that could cause actual results to differ materially from the projections, forecasts, estimates and
expectations discussed in this release include, but are not limited to, NiSource's debt obligations; any changes in
NiSource's credit rating; NiSource's ability to execute its growth strategy; changes in general economic, capital and commodity
market conditions; pension funding obligations; economic regulation and the impact of regulatory rate reviews; compliance with
environmental laws and the costs of associated liabilities; fluctuations in demand from residential and commercial customers;
economic conditions of certain industries; the price of commodities and related transportation costs; the reliability of
customers and suppliers to fulfill their payment and contractual obligations; potential impairments of goodwill or definite-lived
intangible assets; changes in taxation and accounting principles; potential incidents and other operating risks associated with
our business; the impact of an aging infrastructure; the impact of climate change; potential cyber-attacks; risks associated with
construction and natural gas cost and supply; extreme weather conditions; the ability of subsidiaries to generate cash;
uncertainties related to the expected benefits of the separation of Columbia Pipeline Group and other matters set forth in the
"Risk Factors" section in NiSource's Annual Report on Form 10-K and in other filings with the Securities and Exchange
Commission. NiSource expressly disclaims any duty to update, supplement or amend any of its forward-looking statements contained
in this release, whether as a result of new information, subsequent events or otherwise, except as required by applicable
law.
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SOURCE NiSource Inc.