CMS Energy's Utility Subsidiary, Consumers Energy, Declares Quarterly Dividend on Preferred Stock
On August 6, 2020, Consumers Energy, a subsidiary of CMS Energy, declared a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS_pb).
Rhea-AI Summary
On August 6, 2020, Consumers Energy, a subsidiary of CMS Energy, declared a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS_pb). The dividend will be payable on October 1, 2020, to shareholders of record by September 8, 2020. CMS Energy operates a significant electric and natural gas utility in Michigan alongside its independent power generation ventures, demonstrating a commitment to returning value to its shareholders.
Positive
- None.
Negative
- None.
Details
News Market Reaction – CMS
In the trading session that priced this news, CMS gained 1.83%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JACKSON, Mich., Aug. 6, 2020 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the utility's preferred stock.
The following dividend is payable Oct. 1, 2020, to shareholders of record at the close of business on Sept. 8, 2020:
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.
To sign up for email alert notifications, please visit the Investor Relations section of our website.
View original content to download multimedia:http://www.prnewswire.com/news-releases/cms-energys-utility-subsidiary-consumers-energy-declares-quarterly-dividend-on-preferred-stock-301108070.html
SOURCE CMS Energy
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.