CMS Energy's Utility Subsidiary, Consumers Energy, Declares Quarterly Dividend on Preferred Stock
Rhea-AI Summary
On August 6, 2020, Consumers Energy, a subsidiary of CMS Energy, declared a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS_pb). The dividend will be payable on October 1, 2020, to shareholders of record by September 8, 2020. CMS Energy operates a significant electric and natural gas utility in Michigan alongside its independent power generation ventures, demonstrating a commitment to returning value to its shareholders.
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News Market Reaction 1 Alert
On the day this news was published, CMS gained 1.83%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
JACKSON, Mich., Aug. 6, 2020 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the utility's preferred stock.
The following dividend is payable Oct. 1, 2020, to shareholders of record at the close of business on Sept. 8, 2020:
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
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