Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
Rhea-AI Summary
Consumers Energy, the main subsidiary of CMS Energy, announced a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS_pb). This dividend will be payable on July 1, 2022, to shareholders of record by June 6, 2022. As a major energy provider in Michigan, CMS Energy remains committed to delivering value to its shareholders through consistent dividend payments.
Positive
- Quarterly dividend of $1.125 per share enhances shareholder income.
- Demonstrates company confidence in financial stability.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, CMS gained 0.40%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
JACKSON, Mich., May 6, 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 July 1, 2022, to shareholders of record at the close of business on June 6, 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
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