PreferredStockChannel

Slideshow Preferreds Trading at the Largest Premiums

By Preferred Stock Channel Staff, updated Fri, October 23, 7:56 AM

#25. NiSource Inc. (Holding Co.) | 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (NYSE:NI.PRB) | 12.32% CURRENT PREMIUM

Premium to Liquidation Preference: 12.32%Average Premium in Category: 17.72%
Current Annualized Yield: 5.79%Average Yield in Category: 5.88%
Days Since Last Ex-Div Date: 30 | See Dividend History »Categorization: Utilities

Series:B
Alternate symbology:NI-B, NI-PB, NIprB
Redeemable?:Yes
Call Date:3/15/2024
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:20,000,000
Liquidation Preference:$25
Recent Market Price:$28.05
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$3.05 (12.20%)
Annualized Dividend:1.625
Recent Ex-Date:11/20/2020
Current Yield:5.79%
Original Coupon:6.50%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
NiSource is an energy holding company. Through its subsidiaries, Co. is a natural gas distribution company. Co.'s reportable segments are: Gas Distribution Operations and Electric Operations. For its gas distribution operations, through its wholly-owned subsidiary, NiSource Gas Distribution Group, Inc., Co. owns distribution subsidiaries that provide natural gas to residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland and Massachusetts. Through its electric operations, Co. generates, transmits and distributes electricity through its subsidiary, Northern Indiana Public Service Company LLC, and engages in wholesale and transmission transactions.

Preferred: NI.PRB


Open the NI Information Page »
Name: 
NiSource Inc. (Holding Co.)
Website: 
www.nisource.com
Sector: 
Gas Utilities
Number of ETFs Holding NI: 
90 (see which ones)
Total Market Value Held by ETFs: 
$5,097,376,521,149,698
Total Market Capitalization: 
$9,039,000,000
% of Market Cap. Held by ETFs: 
56393146.60%

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