CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

The Board of Directors of CMS Energy has declared a dividend of $0.2625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C. This dividend is payable on April 15, 2023 to shareholders of record as of the close of business on April 1, 2023. CMS Energy, based in Michigan, operates Consumers Energy as its main business while also owning independent power generation facilities.

Positive

• Declared quarterly dividend of $0.2625 per depositary share.
• Dividend payment date set for April 15, 2023, signaling financial stability.

Negative

• None.

News Market Reaction – CMS

+1.50%

+1.50% Session move

In the trading session that priced this news, CMS gained 1.50%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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JACKSON, Mich., Feb. 10, 2023 /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 April 15, 2023, to shareholders of record at the close of business on April 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.
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SOURCE CMS Energy

FAQ

What is the dividend amount declared by CMS Energy?

CMS Energy declared a dividend of $0.2625 per depositary share.

When is the dividend payment date for CMS Energy?

The dividend payment date is April 15, 2023.

What is the record date for the CMS Energy dividend?

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

What type of stock is affected by the CMS Energy dividend declaration?

The dividend applies to the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C.