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.

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

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

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 preferred stock.

When will the dividend be paid to shareholders of CMS?

The dividend will be payable on October 1, 2021.

What is the record date for the CMS Energy dividend?

The record date for the dividend is September 7, 2021.

How often does CMS Energy pay dividends?

CMS Energy typically declares dividends quarterly.

Is the CMS Energy dividend sustainable?

The recent dividend declaration suggests stable cash flow, indicating sustainability.