WASHINGTON (dpa-AFX) - The Board of NiSource Inc. (NI) announced its intention for NiSource and Columbia Pipeline Group to pay shareholders an initial combined quarterly common stock dividend of 28 cents per share following the previously announced separation of the two companies. The combined initial quarterly dividend per share is expected to be comprised of 15.5 cents and 12.5 cents for NiSource and CPG, respectively.
The anticipated combined dividend represents a 7.7 percent increase over the current NiSource dividend. Post-separation dividends are expected to be paid on the normal NiSource dividend schedule.
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