Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
Rhea-AI Summary
Consumers Energy, a subsidiary of CMS Energy, has declared a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS-PB). This dividend will be payable on January 1, 2023, to shareholders of record as of the close of business on December 5, 2022. This announcement reflects the company's ongoing commitment to returning capital to shareholders and highlights its robust financial standing.
Positive
- $1.125 quarterly dividend per share demonstrates strong financial health.
- Commitment to returning capital to shareholders.
Negative
- None.
News Market Reaction – CMS
In the trading session that priced this news, CMS declined 1.01%, 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., Nov. 14, 2022 /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 Jan. 1, 2023, to shareholders of record at the close of business on Dec. 5, 2022:
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. To sign up for email alert notifications, please visit the Investor Relations section of our website.
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SOURCE Consumers Energy