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NiSource increases dividend by a penny to 25 cents

MERRILLVILLE, Ind. (AP) -- NiSource Inc. on Tuesday boosted its quarterly cash dividend by 1 cent, or 4.2 percent, to 25 cents.

The Merrillville, Ind.-based natural gas company said the dividend will be paid on Aug. 20 to shareholders of record as of July 31.

NiSource said the move is in line with its commitment to a growing dividend for its investors.

NiSource shares rose 24 cents to $29.01 in afternoon trading.