CMS Energy Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

CMS Energy has declared a quarterly dividend of $0.30625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMS.PRC). This dividend will be payable on October 15, 2021, to shareholders of record by the close of business on October 1, 2021. The company, based in Michigan, operates primarily through Consumers Energy and also engages in independent power generation.

Positive

• Quarterly dividend of $0.30625 reflects company profitability and shareholder returns.

Negative

• None.

JACKSON, Mich., Sept. 10, 2021 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the corporation's preferred stock. 

The following dividend is payable Oct. 15, 2021, to shareholders of record at the close of business on Oct. 1, 2021: $0.30625 per depositary share on the 4.200% Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMS PRC).

CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring 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 declared by CMS Energy for its preferred stock?

CMS Energy declared a quarterly dividend of $0.30625 per depositary share on its preferred stock.

When will the dividend be paid to shareholders of CMS Energy?

The dividend will be payable on October 15, 2021.

What is the record date for the CMS Energy dividend?

The record date for the dividend is October 1, 2021.

What type of preferred stock does CMS Energy offer?

CMS Energy offers 4.200% Cumulative Redeemable Perpetual Preferred Stock.

Is CMS Energy a stable investment for dividend income?

CMS Energy's consistent dividend payouts suggest a stable income potential for investors.