StockNews.AI
CMS
StockNews.AI
194 days

CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock to 54.25 Cents Per Share

1. CMS Energy raised quarterly dividend to 54.25 cents from 51.50 cents. 2. The new annualized dividend is $2.17 per share, yielding 3.2%. 3. This increase reflects strong commitment to the company's strategic execution. 4. Dividend payable on Feb. 28, 2025, enhances shareholder value. 5. CMS Energy supports electric and natural gas utilities in Michigan.

4m saved
Insight
Article

FAQ

Why Bullish?

Dividends typically signal financial health, potentially attracting more investors, as seen with similar utility companies post-dividend increases.

How important is it?

The article highlights a significant change in dividend policy, which directly impacts investor sentiment and stock performance.

Why Long Term?

Increased dividends can contribute to sustained stock appreciation over time, supporting investor confidence.

Related Companies

CMS
, /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 54.25 cents per share, up from 51.50 cents per share.  Based on Wednesday's closing price for CMS Energy common stock, $67.12, the dividend represents an annualized yield of 3.2 percent. The first quarter dividend for the common stock (CUSIP: 125896100) is payable Feb. 28, 2025, to shareholders of record Feb. 17, 2025. Garrick Rochow, CMS Energy's president and chief executive officer, said the board's decision to increase the dividend to $2.17 per share on an annualized basis reflects a strong commitment and execution of the company's strategy. Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com. CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric and natural gas utility, 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. To sign up for email alert notifications, please visit the Investor Relations section of our website. SOURCE CMS Energy WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News