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JACKSON, Mich. - CMS Energy’s Board of Directors has announced a quarterly dividend of 54.25 cents per share on the company’s common stock, maintaining its impressive track record of 18 consecutive years of dividend increases. According to InvestingPro data, the company currently offers a 3.02% dividend yield. The dividend is scheduled to be paid on May 30, 2025, to shareholders who are on record as of May 9, 2025.
CMS Energy (NYSE: CMS), headquartered in Michigan, is a $21.9 billion market cap utility company primarily known for its subsidiary Consumers Energy, which provides electric and natural gas services to residents of Michigan. The company, which generates annual revenue of $7.5 billion, trades at a P/E ratio of 21.86 and maintains a FAIR financial health score according to InvestingPro analysis. In addition to its primary business, CMS Energy is involved in independent power generation operations.
The company has provided additional information regarding the tax status of its dividends on the Tax Information section of its website. Shareholders and potential investors can access more details about CMS Energy, including how to sign up for email alerts, by visiting the Investor Relations section of their website.
This dividend declaration is part of CMS Energy’s ongoing financial activities and reflects its commitment to providing returns to its shareholders. The announcement is based on a press release statement from CMS Energy.
In other recent news, CMS Energy reported fourth-quarter earnings that aligned with analyst expectations, with adjusted earnings per share reaching $0.87. However, the company’s revenue of $1.99 billion fell short of the anticipated $2.11 billion. Despite this, CMS Energy raised its earnings guidance for 2025, projecting adjusted earnings per share between $3.54 and $3.60, slightly above the previous consensus. Additionally, the company announced an increase in its quarterly dividend to 54.25 cents per share, equating to an annualized yield of approximately 3.2%. This marks the 19th consecutive year of dividend increases for CMS Energy.
In analyst developments, BMO Capital Markets maintained its Outperform rating on CMS Energy, raising the stock’s price target to $80 following a favorable regulatory decision from the Michigan Public Service Commission. Barclays also upgraded CMS Energy’s stock from Equalweight to Overweight, increasing the price target to $75, citing potential earnings growth from energy efficiency and renewable energy initiatives. These initiatives could lead to the company over-earning on its allowed return on equity. The recent regulatory decisions and strategic initiatives signal a supportive environment for CMS Energy’s long-term growth, according to analysts.
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