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

Rhea-AI Summary

Consumers Energy, CMS Energy's principal subsidiary, has announced a quarterly dividend declaration on its preferred stock. The Board of Directors has set a dividend of $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb), payable on January 1, 2025. Shareholders of record as of December 2, 2024, will be eligible for this dividend payment. Tax information regarding dividend distributions is available through the Tax Information section of CMS Energy's website. CMS Energy operates as a Michigan-based energy provider with Consumers Energy as its main business and maintains independent power generation operations.

AI-generated analysis. Not financial advice.

Positive

• Consistent dividend payment maintained for preferred stockholders
• Regular quarterly dividend distribution indicates financial stability

Negative

• None.

News Market Reaction – CMS

+1.34%

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+1.34% News Effect

On the day this news was published, CMS gained 1.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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JACKSON, Mich., Nov. 8, 2024 /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, 2025, to shareholders of record at the close of business on Dec. 2, 2024: $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb).

Additional dividend information, including the tax status of Consumers Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website.

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 dividend amount for CMS Energy's preferred stock in Q1 2025?

CMS Energy's preferred stock (CMS_pb) will pay a dividend of $1.125 per share for Q1 2025.

When is the ex-dividend date for CMS Energy's preferred stock dividend?

Shareholders must be on record by December 2, 2024, to receive the dividend payment.

When will CMS Energy pay its next preferred stock dividend?

The next preferred stock dividend will be paid on January 1, 2025.

What is the annual dividend rate for CMS Energy's $4.50 preferred stock?

Based on the quarterly dividend of $1.125, the annual dividend rate for the $4.50 preferred stock is $4.50 per share.