CMS ENERGY CORP Stock Price, News & Analysis

CMS Energy, located in Michigan, announced the tax status of its 2022 common stock dividends on January 13, 2023. The dividends are allocated for U.S. federal income tax purposes, with a per-share dividend of $0.4600 for four payment dates. The record dates spanned from February 11, 2022, to November 4, 2022, with payment amounts varying between ordinary and capital gains. Notably, 59% of the dividends are classified as a return of capital. Shareholders are advised to consult tax advisors regarding their specific tax implications. For further details, visit www.cmsenergy.com.

CMS Energy will reveal its 2022 year-end results along with a business and financial outlook on February 2, 2023, at 9:30 a.m. EST. A webcast of the event will be available on its website, with an audio replay accessible after three hours, archived for 30 days.

CMS Energy operates in Michigan, primarily through Consumers Energy, and is listed on the NYSE under the symbol CMS. For more details, visit cmsenergy.com.

Consumers Energy has invested $164 million to upgrade the South Oakland Macomb Network pipeline, enhancing the delivery of natural gas to nearly 2 million Michigan homes and businesses. This project, completed in late 2022, involved replacing almost 30 miles of old pipes and installing 17 miles of new infrastructure. The upgrades will enable faster and safer gas delivery while mitigating environmental impact. These efforts align with the company's long-term Natural Gas Delivery Plan and commitment to modernizing its operations.

Consumers Energy is launching an independent study in 2023 to assess the economic impact of its 13 river hydro facilities on local communities in Michigan. This initiative follows 2022 community engagement meetings. The study aims to inform decisions regarding the future of the dams, whose federal licenses will expire starting in 2034. Options under consideration include relicensing, selling, removing, or replacing the dams. Public Sector Consultants will conduct the study, focusing on the economic contributions of each facility to community recreational and tax bases.

Consumers Energy has allocated $7.25 million to assist customers with heating bills in Michigan, supporting vulnerable families ahead of winter. The funds will be distributed through eight nonprofit organizations, including The Salvation Army and United Way. This initiative comes as natural gas prices rise significantly across the Midwest, prompting the company's commitment to help customers managing their energy expenses. In 2022, Consumers Energy and its foundation provided over $12 million in assistance for energy bills and basic needs.

CMS Energy has announced a dividend of $0.2625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C. This dividend will be paid on Jan. 15, 2023, to shareholders recorded by the close of business on Jan. 1, 2023. The announcement reaffirms the company’s commitment to returning value to its shareholders. CMS Energy, based in Michigan, operates primarily through Consumers Energy and manages independent power generation assets.

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.

ESS Inc. (NYSE: GWH) has partnered with Consumers Energy (NYSE: CMS.PRB), Michigan's largest energy provider, to deploy a battery system for a solar and storage microgrid at a gas compression facility. This project marks the first use of an iron flow battery in such an application, showcasing the Energy Warehouse platform's capabilities for long-duration energy storage. The initiative supports Michigan's goal for 1,000 MW of storage by 2025, contributing to a sustainable energy future.