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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).

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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.

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News Market Reaction – CMS

In the trading session that priced this news, CMS gained 1.83%, reflecting a mild positive market reaction.

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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: $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb).

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 dividend amount declared by CMS Energy?

CMS Energy declared a dividend of $1.125 per share on its $4.50 preferred stock.

When will the CMS Energy dividend be paid?

The dividend will be payable on October 1, 2020.

What is the record date for the CMS Energy dividend?

The record date for the dividend is September 8, 2020.

What stock symbol represents CMS Energy's preferred shares?

The preferred shares of CMS Energy are represented by the stock symbol CMS_pb.

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