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JACKSON, Mich. - Consumers Energy, the principal subsidiary of CMS Energy (NYSE:CMS), announced Thursday 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, according to InvestingPro data.
The company will pay a dividend of $1.125 per share on the $4.50 preferred stock (NYSE:CMS_pb) on October 1, 2025. Shareholders must be on record by the close of business on September 2, 2025, to receive the payment. The company’s common stock currently offers a dividend yield of 2.93%, and InvestingPro analysis reveals it has raised its dividend for 18 consecutive years, demonstrating strong commitment to shareholder returns.
Consumers Energy serves as the primary business of CMS Energy, a Michigan-based energy provider. CMS Energy also owns and operates independent power generation businesses throughout its portfolio.
The company noted in its press release statement that additional dividend information, including details on the tax status of dividend distributions, is available through the Tax Information section of CMS Energy’s website.
In other recent news, CMS Energy reported second-quarter 2025 adjusted earnings per share of $0.71, surpassing the consensus estimate of $0.68. This performance led Mizuho to raise its price target for CMS Energy from $68 to $74, while maintaining a Neutral rating. The company also reaffirmed its adjusted earnings per share growth at the high end of its 6-8% range. Additionally, CMS Energy’s Board of Directors declared a quarterly dividend of 54.25 cents per share, payable on August 29, 2025. In infrastructure developments, Consumers Energy, a subsidiary of CMS Energy, 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. 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. These developments reflect CMS Energy’s ongoing strategic initiatives and financial activities.
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