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25 April
Ex-Dividend Reminder: NiSource, Alliant Energy and Agree Realty

Looking at the universe of stocks we cover at Dividend Channel, on 4/29/24, NiSource Inc. (Symbol: NI), Alliant Energy Corp (Symbol: LNT), and Agree Realty Corp. (Symbol: ADC) will all trade ex-dividend for their respective upcoming dividends. NiSource Inc. will pay its quarterly dividend of $0.265 on 5/20/24, Alliant Energy Corp will pay its quarterly dividend of $0.48 on 5/15/24, and Agree Realty Corp. will pay its monthly dividend of $0.25 on 5/14/24. As a percentage of NI's recent stock price of $28.18, this dividend works out to approximately 0.94%, so look for shares of NiSource Inc. to trade 0.94% lower — all else being equal — when NI shares open for trading on 4/29/24. Similarly, investors should look for LNT to open 0.95% lower in price and for ADC to open 0.43% lower, all else being equal.

Below are dividend history charts for NI, LNT, and ADC, showing historical dividends prior to the most recent ones declared.

NiSource Inc. (Symbol: NI):

NI+Dividend+History+Chart

Alliant Energy Corp (Symbol: LNT):

LNT+Dividend+History+Chart

Agree Realty Corp. (Symbol: ADC):

ADC+Dividend+History+Chart

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.76% for NiSource Inc., 3.81% for Alliant Energy Corp, and 5.14% for Agree Realty Corp..

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In Thursday trading, NiSource Inc. shares are currently up about 0.9%, Alliant Energy Corp shares are up about 0.8%, and Agree Realty Corp. shares are up about 1.4% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.