CMS Energy Announces Partial Return of Capital Tax Treatment on Common Stock Dividends

Rhea-AI Summary

CMS Energy has updated the tax status of its 2022 common stock dividends, originally announced on January 13, 2023. The dividend per share was set at 0.4600 with record dates on February 11, May 6, August 5, and November 4, 2022. All dividends paid in 2022 are classified as ordinary dividends, with 0.4324 designated as qualified dividends. Notably, 59% is categorized as a return of capital in multiple instances. Shareholders should consult tax advisors regarding their specific tax treatment. Additional details are available on the CMS Energy investor relations website.

Positive

• 2022 common stock dividends amounting to 0.4600 per share.
• Qualified dividends per share noted as 0.4324.

Negative

• None.

Note: This is an update to a news release originally issued Jan. 13, 2023. This corrects qualified dividend information in the table below.

JACKSON, Mich., Jan. 30, 2023 /PRNewswire/ -- CMS Energy has announced the calculation of the tax status of its 2022 common stock dividends.

The following is an allocation of the 2022 common stock (CUSIP #125896100) dividends for United States federal income tax purposes:

Record Date	Paid Date	Dividend per share	Ordinary Dividend	Qualified Dividend	Total Capital Gain Dividend	Unrecaptured Sec. 1250 Gain Dividend	Non Dividend Distribution	Return of Capital Percentage
February 11, 2022	February 28, 2022	0.4600	0.4324	0.4324	0.000	0.000	0.0276	6 %
May 6, 2022	May 31, 2022	0.4600	0.1886	0.1886	0.000	0.000	0.2714	59 %
August 5, 2022	August 31, 2022	0.4600	0.1886	0.1886	0.000	0.000	0.2714	59 %
November 4, 2022	November 30, 2022	0.4600	0.1886	0.1886	0.000	0.000	0.2714	59 %

Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment related to CMS common stock dividends.

Additional dividend information can be obtained through the Investor Relations section of CMS Energy's website, www.cmsenergy.com.

CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric and natural gas utility, Consumers Energy, as its primary business. It also owns and operates independent power generation businesses.

For more information on CMS Energy, please visit our website at cmsenergy.com.
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SOURCE CMS Energy

FAQ

What is the dividend amount for CMS Energy in 2022?

The dividend amount for CMS Energy in 2022 was 0.4600 per share.

What is the qualified dividend amount for CMS, CMS.PRB in 2022?

The qualified dividend amount for CMS Energy in 2022 was 0.4324 per share.

What dates are associated with CMS Energy's 2022 dividends?

The record dates for CMS Energy's 2022 dividends were February 11, May 6, August 5, and November 4.

Where can I find more information about CMS Energy's dividends?

More information about CMS Energy's dividends can be found on their investor relations website at www.cmsenergy.com.