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.
News Market Reaction – CMS
In the trading session that priced this news, CMS declined 0.68%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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:
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