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CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C, payable on July 15, 2024. The dividend is $0.2625 per depositary share. For more information on CMS Energy's dividend distributions and tax status, visit their website.
Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on its preferred stock. The dividend of $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb) is payable on July 1, 2024, to shareholders of record on June 3, 2024. Consumers Energy is a Michigan-based energy provider, and for more information, visit cmsenergy.com.
The Consumers Energy Foundation awarded $50,000 to winners of the Put Your Town on the Map competition, with three Michigan communities receiving grants to boost economic development. Imlay City won first place with $25,000, Rogers City second with $15,000, and St. Johns third with $10,000. The winning projects include public art displays and community benches, showcasing the importance of funding for small communities.
Consumers Energy is investing $3.5 million to purchase 1,200 iron utility poles that are designed to withstand Michigan's severe weather and improve the reliability of the electric grid. These iron poles are stronger, lighter, and more durable than traditional wooden poles and are expected to last approximately 80 years, double the lifespan of wooden poles. The investment is driven by recent shortages and increasing prices of wood. The implementation of iron poles is part of Consumers Energy's plan to modernize the grid and improve reliability for their customers.
