CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock to 43.50 Cents Per Share

Rhea-AI Summary

CMS Energy's Board of Directors has increased the quarterly dividend from 40.75 cents to 43.50 cents per share, resulting in an annualized yield of 3% based on the recent closing price of $58.70. The first quarter dividend is payable on Feb. 26, 2021, with a record date of Feb. 5, 2021. The annualized dividend now stands at $1.74 per share, reflecting the company's successful execution of its strategy, according to CEO Garrick Rochow.

Positive

• Quarterly dividend increased to 43.50 cents per share, showing commitment to shareholder returns.
• Annualized yield now at 3%, signaling strong investor value.
• CEO's statement indicates confidence in the company's strategic execution.

Negative

• None.

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JACKSON, Mich., Jan. 21, 2021 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 43.50 cents per share, up from 40.75 cents per share. 

Based on Wednesday's closing price for CMS Energy common stock, $58.70, the dividend represents an annualized yield of 3 percent.

The first quarter dividend for the common stock is payable Feb. 26, 2021, to shareholders of record Feb. 5, 2021.

Garrick Rochow, CMS Energy's president and chief executive officer, said the board's decision to increase the current dividend to $1.74 per share on an annualized basis reflects the successful execution of the company's strategy.

 "CMS Energy will remain committed in 2021 to our Triple Bottom Line strategy, focusing on people, planet and profit," Rochow said. "We've seen our approach lead to consistent industry-leading financial results that reward our investors, while we continue to deliver world-class performance for all stakeholders."

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new quarterly dividend amount for CMS Energy?

CMS Energy has increased its quarterly dividend to 43.50 cents per share.

When will the new dividend for CMS Energy be paid?

The new dividend will be payable on February 26, 2021.

What is the annualized yield of CMS Energy's dividend?

The annualized yield is currently 3% based on the latest closing price of $58.70.

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

The record date for the dividend payment is February 5, 2021.