5 Best April Dividend Stocks To Invest In

Page 5 of 5

1. NiSource Inc. (NYSE:NI)

Ex-Dividend Date: April 29

NiSource Inc. (NYSE:NI) tops our list of the best dividend stocks as it will be trading ex-dividend on April 29. The American utilities company offers a quarterly dividend of $0.265 per share, having raised it by 6% in January this year. The company holds a 12-year streak of consistent dividend growth. As of March 28, the stock has a dividend yield of 3.86%.

At the end of December 2023, 33 hedge funds in Insider Monkey’s database held stakes in NiSource Inc. (NYSE:NI), compared with 36 in the previous quarter. The overall value of these stakes is over $1.1 billion. With over 7.7 million shares, Millennium Management was the company’s leading stakeholder in Q4.

Should you invest $1,000 in NiSource right now?

Before you buy stock in NI, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and NI wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio.  It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.

See the 14 stocks

Follow Nisource Inc. (NYSE:NI)

You can also take a look at Billionaire Stanley Druckenmiller’s Top 12 Stock Picks and Billionaire Investor Stan Druckenmiller and Insiders Are Piling Into These 11 Stocks

Page 5 of 5