CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock to 54.25 Cents Per Share

Rhea-AI Summary

CMS Energy has announced a dividend increase, raising its quarterly dividend from 51.50 cents to 54.25 cents per share. Based on the closing price of $67.12, this represents an annualized yield of 3.2%. The first quarter dividend is payable on February 28, 2025, to shareholders of record as of February 17, 2025.

The increase brings the annualized dividend to $2.17 per share, reflecting what CEO Garrick Rochow describes as strong commitment and execution of the company's strategy. CMS Energy, listed on NYSE under the symbol CMS, operates primarily through its electric and natural gas utility, Consumers Energy, and maintains independent power generation businesses.

Positive

• Dividend increased by 5.3% from 51.50 to 54.25 cents per quarter
• Annualized dividend yield of 3.2% based on current stock price
• Strong execution of company strategy indicated by dividend growth

Negative

• None.

JACKSON, Mich., Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 54.25 cents per share, up from 51.50 cents per share. 

Based on Wednesday's closing price for CMS Energy common stock, $67.12, the dividend represents an annualized yield of 3.2 percent.

The first quarter dividend for the common stock (CUSIP: 125896100) is payable Feb. 28, 2025, to shareholders of record Feb. 17, 2025.

Garrick Rochow, CMS Energy's president and chief executive officer, said the board's decision to increase the dividend to $2.17 per share on an annualized basis reflects a strong commitment and execution of the company's strategy.

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 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 CMS Energy's new quarterly dividend amount for 2025?

CMS Energy's new quarterly dividend is 54.25 cents per share, increased from 51.50 cents per share.

When will CMS Energy pay its first quarter 2025 dividend?

CMS Energy will pay its first quarter 2025 dividend on February 28, 2025, to shareholders of record as of February 17, 2025.

What is CMS Energy's annualized dividend yield based on current stock price?

Based on the closing price of $67.12, CMS Energy's annualized dividend yield is 3.2%.

How much did CMS Energy increase its quarterly dividend in 2025?

CMS Energy increased its quarterly dividend by 2.75 cents per share, from 51.50 to 54.25 cents, representing a 5.3% increase.

What is CMS Energy's new annualized dividend per share?

CMS Energy's new annualized dividend is $2.17 per share.