CMS Energy Utility Division Declares Preferred Dividends

The utility subsidiary of CMS Energy  (NYSE: CMS  )  announced yesterday that it was paying dividends on both series of its preferred stock, payable on July 1 to the holders of record at the close of business on June 3.

The board of directors of Consumers Energy said that on its $4.16 stock, which trades on the NYSE under the symbol CMS_pa, it was paying a dividend of $1.04 per share, while on its $4.50 stock, which trades on the NYSE under the symbol CMS_pb, it was paying a dividend of $1.125 per share.

Based on CMS Energy's second-quarter dividend of $0.255 for each share of common stock, which was announced in April, the dividend for non-preferred shares annualizes to $1.02 per share. That yields 3.6% at CMS Energy's most recent closing price on May 16.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2438616, ~/Articles/ArticleHandler.aspx, 8/24/2016 3:42:10 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,487.68 -59.62 -0.32%
S&P 500 2,175.67 -11.23 -0.51%
NASD 5,216.25 -43.82 -0.83%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/24/2016 3:26 PM
CMS $42.90 Up +0.08 +0.19%
CMS Energy CAPS Rating: ***