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

Rhea-AI Summary

Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on its preferred stock. The Board of Directors announced a $1.125 per share dividend on the $4.50 preferred stock (NYSE: CMS_pb), payable on October 1, 2024, to shareholders of record as of September 3, 2024. CMS Energy, traded on the NYSE under the ticker CMS, is a Michigan-based energy provider with Consumers Energy as its primary business. The company also operates independent power generation businesses. Investors can find additional dividend information, including tax status, in the Tax Information section of CMS Energy's website.

Positive

• Consistent dividend payment indicates financial stability
• Dividend of $1.125 per share provides income for preferred stockholders
• CMS Energy maintains diverse operations with independent power generation businesses

Negative

• None.

News Market Reaction – CMS

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-0.53% Session move

In the trading session that priced this news, CMS declined 0.53%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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JACKSON, Mich., Aug. 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 Oct. 1, 2024 to shareholders of record at the close of business on Sept. 3, 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 Consumers Energy

FAQ

What is the dividend amount for CMS Energy's preferred stock (CMS_pb)?

The dividend amount for CMS Energy's preferred stock (CMS_pb) is $1.125 per share.

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

The dividend payment date for CMS Energy's preferred stock is October 1, 2024.

What is the record date for CMS Energy's preferred stock dividend?

The record date for CMS Energy's preferred stock dividend is September 3, 2024.

How often does CMS Energy pay dividends on its preferred stock?

CMS Energy pays dividends on its preferred stock quarterly, as indicated by the announcement of a quarterly dividend.