Cms Energy dividend yield – CMS Energy Corp. Declares 0.4875 Cash Dividend

☀️Dividends Yield

On May 26 2023, CMS ($NYSE:CMS) Energy Corp. Declared a 0.4875 cash dividend, making it the third consecutive year of issuing dividends per share of 1.87, 1.84 and 1.74 USD respectively. This translates to dividend yields of 2.93%, 2.89%, and 2.84% for 2021 to 2023 with an average dividend yield of 2.89%. As such, those interested in dividend stocks should take note of this stock dividend yield. The ex-dividend date for this stock is May 4 2023.

As such, shareholders must purchase the stock before or on this date to be eligible for the dividend payout. CMS Energy‘s consistent dividend payment history is an indication of its long-term commitment to creating and distributing value for shareholders. With its strong balance sheet, the company is well-positioned to continue to pay out dividend in the future, a testament of its strength as an investment option.

Stock Price

On the same day, Friday, CMS Energy‘s stock opened at $57.0 and closed at $57.1, down by 0.1% from its prior closing price of $57.2. This dividend marks the fifteenth consecutive quarterly cash dividend paid by CMS Energy. CMS Energy is an energy holding company providing electric and natural gas services in Michigan, Ohio, Pennsylvania, and Ontario, Canada. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cms Energy. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cms Energy. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cms Energy. More…

Key Ratios Snapshot

Some of the financial key ratios for Cms Energy are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of CMS ENERGY‘s financials and it has earned an intermediate health score of 4/10. We believe that it is strong in dividend, medium in asset, profitability and weak in growth. Ultimately, this means that the company is classified as a ‘cow’, meaning that it has the track record of paying out consistent and sustainable dividends. Given its cashflows and debt, we believe that CMS ENERGY might be able to safely ride out any crisis without the risk of bankruptcy. For those investors who are looking for a steady and reliable income from their investments, CMS ENERGY is an ideal option. Its ability to pay out consistent dividends and weather any potential financial storms makes it an attractive option for those investors who are risk averse. Moreover, its strong dividend levels suggest that it is also a suitable option for those who are looking to generate income from their investments. More…

Peers

CMS Energy Corp and its competitors, OGE Energy Corp, Xcel Energy Inc, DTE Energy Co, are all fighting for a share of the energy market. All four companies are large, publicly-traded utilities with a history of providing reliable service to their customers.

However, CMS Energy Corp has a few key advantages that could help it to gain market share in the future. First, CMS Energy Corp is the only company of the four that is headquartered in Michigan. This gives CMS Energy Corp a better understanding of the needs of Michigan customers and allows the company to be more responsive to changes in the Michigan energy market. Additionally, CMS Energy Corp has a strong relationship with the state government, which can help the company to navigate the regulatory landscape and secure favorable treatment for its customers. Finally, CMS Energy Corp has a diversified portfolio of energy assets, including both traditional and renewable sources, which gives the company a hedge against fluctuations in the price of energy.

– OGE Energy Corp ($NYSE:OGE)

Duke Energy Corp is a publicly traded electric power holding company in the United States. Headquartered in Charlotte, North Carolina, Duke Energy has approximately 52,700 megawatts of electric generating capacity and 1,937 miles of transmission lines. The company serves approximately 7.6 million customers in six states. Duke Energy is the largest electric power holding company in the United States.

– Xcel Energy Inc ($NASDAQ:XEL)

Xcel Energy Inc is a public utility holding company based in Minneapolis, Minnesota. It is the largest provider of electricity and natural gas in the United States. The company serves 8 states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. Xcel Energy Inc has a market cap of 33.31B as of 2022 and a Return on Equity of 8.81%. The company is a diversified energy company with operations in electricity generation, transmission and distribution, and natural gas storage and pipelines. Xcel Energy Inc’s primary business is the regulated utility business, which includes the generation, transmission and distribution of electricity and the storage and transportation of natural gas.

– DTE Energy Co ($NYSE:DTE)

DTE Energy Co is an energy company that operates in electric and natural gas utilities. It has a market cap of 20.82B as of 2022 and a Return on Equity of 9.17%. The company is headquartered in Detroit, Michigan, and employs around 10,000 people. DTE Energy Co is a diversified energy company that provides electricity and natural gas to customers in Michigan. The company also owns and operates several power plants, including coal-fired, nuclear, and renewable energy facilities.

Summary

CMS Energy is an attractive dividend stock for investors. The company has had a 3 year record of issuing annual dividends per share of 1.87, 1.84, and 1.74 USD, which translates to dividend yields of 2.93%, 2.89%, and 2.84%. This averages out to an annual yield of 2.89%. CMS Energy has a good history of consistent dividend payments, making it an ideal option for investors looking for safe, long-term investments.