CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock to 46 Cents Per Share

Rhea-AI Summary

CMS Energy has increased its quarterly dividend to 46 cents per share, up from 43.50 cents. Based on the closing price of $62.35, this provides an annualized yield of 3 percent. The first quarter dividend is payable on Feb. 28, 2022, to shareholders of record on Feb. 11, 2022. CEO Garrick Rochow stated that this decision reflects the successful execution of the company's strategy and underscores their commitment to rewarding investors while maintaining industry-leading performance.

Positive

• Dividend increased to 46 cents per share, reflecting company confidence.
• Annualized dividend yield now at 3 percent, enhancing shareholder returns.
• Commitment to strategic execution demonstrated in dividend decision.

Negative

• None.

JACKSON, Mich., Jan. 27, 2022 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 46 cents per share, up from 43.50 cents per share. 

Based on Wednesday's closing price for CMS Energy common stock, $62.35, the dividend represents an annualized yield of 3 percent.

The first quarter dividend for the common stock is payable Feb. 28, 2022, to shareholders of record Feb. 11, 2022.

Garrick Rochow, CMS Energy's president and chief executive officer, said the board's decision to increase the current dividend to $1.84 per share on an annualized basis reflects the successful execution of the company's strategy.

"CMS Energy remains committed to our Triple Bottom Line, which yields consistent industry-leading financial results that reward our investors, while we continue to deliver world class performance for all stakeholders," said Garrick Rochow, CMS Energy's president and chief executive officer. "Our new dividend reflects our confidence that we will continue to deliver on our promises this year."

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.
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-increases-quarterly-dividend-on-common-stock-to-46-cents-per-share-301469982.html

SOURCE CMS Energy

FAQ

What is the new dividend amount for CMS Energy?

The quarterly dividend for CMS Energy has been increased to 46 cents per share.

When is the dividend payment date for CMS Energy?

The dividend is payable on Feb. 28, 2022.

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

The record date for the dividend is Feb. 11, 2022.

What is the annualized yield for CMS Energy's dividend?

The annualized yield for the new dividend is 3 percent.