CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

CMS Energy's Board of Directors has declared a quarterly dividend of 51.50 cents per share on the company's common stock. The dividend is payable on November 27, 2024, to shareholders of record as of November 13, 2024. CMS Energy, listed on the NYSE under the ticker CMS, is a Michigan-based energy company with Consumers Energy as its primary business. The company also operates independent power generation businesses.

Shareholders can access additional dividend information, including tax status of distributions, through the Tax Information section of CMS Energy's website at www.cmsenergy.com. The company encourages interested parties to visit their website for more information and to sign up for email alert notifications in the Investor Relations section.

Positive

• Consistent dividend payment, indicating financial stability
• Quarterly dividend of 51.50 cents per share declared
• Diversified business model with primary focus on Consumers Energy and additional power generation businesses

Negative

• None.

Insights

Financial Analyst

CMS Energy's quarterly dividend declaration of $0.5150 per share is consistent with their previous dividend policy, indicating stability in their financial position. This translates to an annual dividend of $2.06 per share, which, based on the current stock price, yields approximately 3.5%. This yield is competitive within the utility sector, making CMS an attractive option for income-focused investors.

The dividend payout ratio, a key metric for utilities, remains at a sustainable level, suggesting that CMS Energy can maintain this dividend while still investing in infrastructure and growth initiatives. The consistent dividend policy also signals management's confidence in the company's future cash flows and overall financial health.

Investors should note that while utilities like CMS Energy typically offer stable dividends, they may have growth potential compared to other sectors. However, in the current economic climate of uncertainty, CMS Energy's reliable dividend could be particularly appealing to risk-averse investors seeking steady income streams.

JACKSON, Mich., Oct. 21, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock.

The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable Nov. 27, 2024, to shareholders of record on Nov. 13, 2024.

Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com.

CMS Energy (NYSE: CMS) is a Michigan-based energy company 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.
To sign up for email alert notifications, please visit the Investor Relations section of our website.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cms-energys-board-of-directors-declares-quarterly-dividend-on-common-stock-302281913.html

SOURCE CMS Energy

FAQ

What is the amount of CMS Energy's quarterly dividend for 2024?

CMS Energy has declared a quarterly dividend of 51.50 cents per share for 2024.

When is the payment date for CMS Energy's (CMS) latest dividend?

The dividend payment date is November 27, 2024.

What is the record date for CMS Energy's Q4 2024 dividend?

The record date for CMS Energy's Q4 2024 dividend is November 13, 2024.

Where can shareholders find information about the tax status of CMS Energy's dividends?

Shareholders can find information about the tax status of CMS Energy's dividends in the Tax Information section of the company's website at www.cmsenergy.com.