Consumers Energy Declares $1.125 Dividend, Maintains 5.92% Forward Yield

Consumers Energy Company Cumulative Preferred Shares (CMS.PR.B) has declared a quarterly dividend of $1.125 per share, in line with the previous dividend. The forward yield is 5.92%. The dividend is payable on October 1, for shareholders of record on September 2, and ex-dividend on September 2.

Consumers Energy, a principal subsidiary of CMS Energy (NYSE:CMS), has announced that its Board of Directors has declared a quarterly dividend on the utility's preferred stock. The $22.32 billion utility company, currently trading near its 52-week high of $76.45, has maintained consistent dividend payments for 19 consecutive years [1].

The dividend, payable on October 1, 2025, is $1.125 per share on the $4.50 preferred stock (NYSE:CMS_pb). Shareholders must be on record by the close of business on September 2, 2025, to receive the payment [2][3]. This dividend aligns with the company's strong commitment to shareholder returns, with the common stock offering a dividend yield of 2.93% and having raised its dividend for 18 consecutive years [1].

CMS Energy, a Michigan-based energy provider, serves as the primary business of CMS Energy and also owns and operates independent power generation businesses across its portfolio [1]. The company has reported second-quarter 2025 adjusted earnings per share of $0.71, surpassing the consensus estimate of $0.68 [1]. Mizuho has raised its price target for CMS Energy from $68 to $74, while maintaining a Neutral rating [1]. Additionally, CMS Energy's Board of Directors declared a quarterly dividend of 54.25 cents per share, payable on August 29, 2025 [1].

In infrastructure developments, Consumers Energy, a subsidiary of CMS Energy, has announced plans to upgrade 135 miles of natural gas pipelines across 15 Michigan communities. Furthermore, CMS Energy disclosed pricing terms for a $147 million debt tender offer, involving the purchase of Consumers Energy’s 2.500% First Mortgage Bonds due 2060 [1]. KeyBanc analysts maintained an Overweight rating on CMS Energy, with a price target of $76, citing potential growth from new large load customers in Michigan [1].

References:

[1] https://www.investing.com/news/company-news/consumers-energy-declares-quarterly-dividend-on-preferred-stock-93CH-4178030
[2] https://seekingalpha.com/news/4482317-consumers-energy-company-cum-pfd-shs-declares-1_125-dividend
[3] https://www.morningstar.com/news/pr-newswire/20250807de46855/consumers-energy-the-principal-subsidiary-of-cms-energy-declares-quarterly-dividend-on-preferred-stock