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, has declared a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS_pb). This dividend is payable on April 1, 2022, to shareholders on record as of March 7, 2022. CMS Energy, based in Michigan, provides energy services and operates independent power generation businesses.
Positive
- Quarterly dividend of $1.125 per share announced.
- Dividend demonstrates company confidence in financial stability.
Negative
- None.
News Market Reaction – CMS
In the trading session that priced this news, CMS gained 0.99%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JACKSON, Mich., Feb. 11, 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 April 1, 2022, to shareholders of record at the close of business on March 7, 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.
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SOURCE CMS Energy