CMS Energy's Utility Subsidiary, Consumers Energy, Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

The Board of Directors of CMS Energy has announced a quarterly dividend of $1.125 per share on its preferred stock, which is payable on July 1, 2021. Shareholders of record as of June 7, 2021 will receive this payment. CMS Energy, based in Michigan, operates Consumers Energy, its principal subsidiary, alongside independent power generation businesses. This dividend declaration underscores the company's commitment to providing returns to its investors.

Positive

• Quarterly dividend of $1.125 per share demonstrates financial stability.
• Confirms commitment to shareholder returns.

Negative

• None.

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JACKSON, Mich., May 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 July 1, 2021, to shareholders of record at the close of business on June 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 has declared a quarterly dividend of $1.125 per share on its preferred stock.

When will CMS Energy's dividend be paid?

The dividend will be paid on July 1, 2021.

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

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

How often does CMS Energy declare dividends?

CMS Energy typically declares dividends quarterly.

What type of stock is the dividend being declared on?

The dividend is declared on CMS Energy's preferred stock.