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JACKSON, Mich. - CMS Energy (NYSE:CMS)’s Board of Directors has announced an increase in the quarterly dividend rate for its common stock, continuing its 18-year streak of consecutive dividend raises. Shareholders will now receive 54.25 cents per share, marking an increase from the previous 51.50 cents per share. This change was disclosed following the close of the market on Wednesday, when CMS Energy stock closed at $67.12, with InvestingPro data showing the stock’s notably low volatility characteristics.
The revised dividend translates to an annualized yield of approximately 3.2 percent for investors, supported by the company’s robust financial health with a current ratio of 1.23 and market capitalization of $20 billion. The new dividend is scheduled to be paid on February 28, 2025, to shareholders who are on record as of February 17, 2025.
Garrick Rochow, the president and chief executive officer of CMS Energy, commented on the decision, stating that the increased dividend, which amounts to $2.17 per share on an annual basis, demonstrates the company’s strong commitment to its strategic objectives. According to InvestingPro analysis, analysts have set price targets ranging from $59 to $78, reflecting their confidence in the company’s outlook. Get access to more detailed insights and 6 additional ProTips with an InvestingPro subscription.
CMS Energy (NYSE: CMS) is a Michigan-based entity primarily operating through its electric and natural gas utility, Consumers Energy. Additionally, it owns and operates independent power generation businesses.
The company provides further details on dividends, including their tax status, on the CMS Energy website under the Tax Information section. This dividend increase is based on a press release statement from CMS Energy.
In other recent news, CMS Energy reported fourth quarter earnings in line with analyst expectations, though revenue was slightly below estimates. The Michigan-based energy provider also raised its 2025 earnings guidance. Adjusted earnings per share for the quarter were reported at $0.87, with revenue coming in at $1.99 billion, short of the projected $2.11 billion. The company also reported an increase in full-year 2024 adjusted earnings per share, from $3.11 to $3.34, and raised its 2025 earnings guidance to a range of $3.54 to $3.60 per share.
CEO Garrick Rochow emphasized the company’s operational improvements, such as restoring power to over 93% of customers in less than 24 hours. Additionally, CMS Energy announced an 11 cent increase to its annual dividend for 2025, marking the 19th consecutive year of dividend increases. The company also reaffirmed its long-term adjusted EPS growth target of 6% to 8%. These are among the recent developments for CMS Energy.
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