CMS Energy Announces Partial Return of Capital Tax Treatment on Common Stock Dividends

Rhea-AI Summary

CMS Energy, located in Michigan, announced the tax status of its 2022 common stock dividends on January 13, 2023. The dividends are allocated for U.S. federal income tax purposes, with a per-share dividend of $0.4600 for four payment dates. The record dates spanned from February 11, 2022, to November 4, 2022, with payment amounts varying between ordinary and capital gains. Notably, 59% of the dividends are classified as a return of capital. Shareholders are advised to consult tax advisors regarding their specific tax implications. For further details, visit www.cmsenergy.com.

Positive

• Dividends were issued consistently across multiple dates, indicating financial stability.
• 59% of dividends classified as a return of capital could enhance shareholder value.

Negative

• None.

News Market Reaction – CMS

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JACKSON, Mich., Jan. 13, 2023 /PRNewswire/ -- CMS Energy announced today the calculation of the tax status of its 2022 common stock dividends.

The following is an allocation of the 2022 common stock (CUSIP #125896100) dividends for United States federal income tax purposes:

Record Date	Paid Date	Dividend per share	Ordinary Dividend	Qualified Dividend	Total Capital Gain Dividend	Unrecaptured Sec. 1250 Gain Dividend	Non Dividend Distribution	Return of Capital Percentage
February 11, 2022	February 28, 2022	0.4600	0.4324	0.0000	0.000	0.000	0.0276	6 %
May 6, 2022	May 31, 2022	0.4600	0.1886	0.0000	0.000	0.000	0.2714	59 %
August 5, 2022	August 31, 2022	0.4600	0.1886	0.0000	0.000	0.000	0.2714	59 %
November 4, 2022	November 30, 2022	0.4600	0.1886	0.0000	0.000	0.000	0.2714	59 %

Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment related to CMS common stock dividends.

Additional dividend information can be obtained through the Investor Relations 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 the dividend amount for CMS Energy in 2022?

CMS Energy announced a dividend of $0.4600 per share for 2022.

What percentage of CMS Energy's dividends in 2022 were classified as a return of capital?

59% of CMS Energy's dividends in 2022 were classified as a return of capital.

When was the announcement regarding CMS Energy's dividends made?

The announcement was made on January 13, 2023.

What are the record and payment dates for CMS Energy's dividends?

Record dates for dividends were from February 11, 2022, to November 4, 2022, with respective payment dates occurring shortly thereafter.

How can shareholders find more information about CMS Energy's dividends?

Shareholders can find more information on CMS Energy's Investor Relations section on their website at www.cmsenergy.com.