CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock

(Neutral)

Rhea-AI Summary

CMS Energy has announced a dividend of $0.2625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C. This dividend will be paid on Jan. 15, 2023, to shareholders recorded by the close of business on Jan. 1, 2023. The announcement reaffirms the company’s commitment to returning value to its shareholders. CMS Energy, based in Michigan, operates primarily through Consumers Energy and manages independent power generation assets.

Positive

Declared a dividend of $0.2625 per depositary share, reaffirming commitment to shareholder value.

Negative

None.

News Market Reaction – CMS

-1.01%

-1.01% News Effect

On the day this news was published, CMS declined 1.01%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

11/14/2022 - 02:00 PM

JACKSON, Mich., Nov. 14, 2022 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation.

The following dividend is payable Jan. 15, 2023, to shareholders of record at the close of business on Jan. 1, 2023: $0.2625 per depositary share.

CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring 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-energy-declares-quarterly-dividend-on-cumulative-redeemable-perpetual-preferred-stock-301677165.html

SOURCE CMS Energy

FAQ

What is the dividend amount for CMS Energy's preferred stock?

The dividend amount is $0.2625 per depositary share.

When will the dividend for CMS Energy be paid?

The dividend will be paid on January 15, 2023.

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

The record date for the dividend is January 1, 2023.

What type of stock is CMS Energy distributing dividends on?

CMS Energy is distributing dividends on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C.