CMS Energy's Utility Subsidiary, Consumers Energy, Declares Quarterly Dividend on Preferred Stock
Rhea-AI Summary
The Board of Directors of Consumers Energy, a subsidiary of CMS Energy, has announced a quarterly dividend of $1.125 per share on its $4.50 preferred stock, which will be payable on October 1, 2021. Shareholders of record as of September 7, 2021 will receive this dividend. CMS Energy, based in Michigan, is a leading energy provider, operating Consumers Energy and independent power generation businesses.
Positive
- Dividend of $1.125 per share indicates company confidence.
- Regular dividend payment reflects stable cash flow.
Negative
- None.
News Market Reaction – CMS
In the trading session that priced this news, CMS gained 0.09%, 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, 2021 /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, 2021, to shareholders of record at the close of business on Sept. 7, 2021:
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