Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

The Board of Directors of Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS), declared a quarterly dividend of $1.125 per share on the $4.50 preferred stock (NYSE: CMS.PRB).

This dividend will be payable on April 1, 2023, to shareholders of record as of the close of business on March 6, 2023. CMS Energy, based in Michigan, operates independent power generation businesses alongside its utility services.

Positive

• Declaration of a quarterly dividend of $1.125 per share, providing income to shareholders.
• Strong commitment to returning value to shareholders through consistent dividend payments.

Negative

• None.

News Market Reaction

+1.50%

1 alert

+1.50% News Effect

On the day this news was published, CMS gained 1.50%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

JACKSON, Mich., Feb. 10, 2023 /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 April 1, 2023, to shareholders of record at the close of business on March 6, 2023: $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

What is the quarterly dividend amount declared by CMS Energy?

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

When will the CMS Energy dividend be paid?

The CMS Energy dividend will be paid on April 1, 2023.

What is the record date for the CMS Energy dividend?

The record date for the CMS Energy dividend is March 6, 2023.

What is the stock symbol for CMS Energy's preferred stock?

The stock symbol for CMS Energy's preferred stock is CMS.PRB.