CMS Energy Corporation

CMS Energy Corporation

CMSยทNYSE

$70.38

+0.23%
UtilitiesRegulated Electric

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

At a Glance

Live Snapshot
Market Cap$21.74B
EPS3.5300
P/E Ratio19.94
Earnings Date07/30/2026
0.76%
Dividend Yield
-4%
3Y-6.0%
5Y+7.0%
10Y+12.0%
52.35%
Dividend Payout Ratio
-9%
3Y-26.0%
5Y+45.0%
10Y-25.0%
3Y+23.0%
5Y+41.0%
10Y+105.0%
CMS Energy Corporation

CMS Energy Corporation Dividend History

CMS ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

CMS Dividend Payment History

CMS ยท NYSE

Total Payments

50

Latest Dividend

$0.5700

Annual Amount

$2.7675

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Apr 20, 2026
May 8, 2026May 29, 2026
$0.5700
$0.5700
Quarterly0.00%
Feb 5, 2026
Feb 17, 2026Feb 27, 2026
$0.5700
$0.5700
Quarterly+5.17%
Oct 20, 2025
Nov 7, 2025Nov 26, 2025
$0.5420
$0.5420
Quarterly0.00%
Jul 21, 2025
Aug 8, 2025Aug 29, 2025
$0.5420
$0.5420
Quarterly0.00%
Apr 14, 2025
May 9, 2025May 30, 2025
$0.5420
$0.5420
Quarterly0.00%
Feb 6, 2025
Feb 17, 2025Feb 28, 2025
$0.5420
$0.5420
Quarterly+5.24%
Oct 21, 2024
Nov 13, 2024Nov 27, 2024
$0.5150
$0.5150
Quarterly0.00%
Jul 22, 2024
Aug 2, 2024Aug 30, 2024
$0.5150
$0.5150
Quarterly0.00%
Apr 22, 2024
May 15, 2024May 31, 2024
$0.5150
$0.5150
Quarterly0.00%
Feb 1, 2024
Feb 12, 2024Feb 29, 2024
$0.5150
$0.5150
Quarterly+5.53%
Oct 20, 2023
Nov 3, 2023Nov 30, 2023
$0.4880
$0.4880
Quarterly0.00%
Jul 21, 2023
Aug 4, 2023Aug 31, 2023
$0.4880
$0.4880
Quarterly0.00%
Apr 21, 2023
May 5, 2023May 31, 2023
$0.4880
$0.4880
Quarterly0.00%
Feb 2, 2023
Feb 13, 2023Feb 28, 2023
$0.4880
$0.4880
Quarterly+6.09%
Oct 21, 2022
Nov 4, 2022Nov 30, 2022
$0.4600
$0.4600
Quarterly0.00%
Jul 22, 2022
Aug 5, 2022Aug 31, 2022
$0.4600
$0.4600
Quarterly0.00%
Apr 22, 2022
May 6, 2022May 31, 2022
$0.4600
$0.4600
Quarterly0.00%
Jan 27, 2022
Feb 11, 2022Feb 28, 2022
$0.4600
$0.4600
Quarterly+5.75%
Oct 22, 2021
Nov 5, 2021Nov 30, 2021
$0.4350
$0.4350
Quarterly0.00%
Jul 22, 2021
Aug 6, 2021Aug 31, 2021
$0.4350
$0.4350
Quarterly0.00%
Apr 22, 2021
May 7, 2021May 28, 2021
$0.4350
$0.4350
Quarterly0.00%
Jan 21, 2021
Feb 5, 2021Feb 26, 2021
$0.4350
$0.4350
Quarterly+6.62%
Oct 15, 2020
Nov 6, 2020Nov 30, 2020
$0.4080
$0.4080
Quarterly0.00%
Jul 16, 2020
Aug 7, 2020Aug 31, 2020
$0.4080
$0.4080
Quarterly0.00%
Apr 30, 2020
May 15, 2020May 29, 2020
$0.4080
$0.4080
Quarterly0.00%
Jan 16, 2020
Feb 7, 2020Feb 28, 2020
$0.4080
$0.4080
Quarterly+6.81%
Oct 17, 2019
Nov 1, 2019Nov 27, 2019
$0.3820
$0.3820
Quarterly0.00%
Jul 18, 2019
Aug 2, 2019Aug 30, 2019
$0.3820
$0.3820
Quarterly0.00%
Apr 18, 2019
May 3, 2019May 31, 2019
$0.3820
$0.3820
Quarterly0.00%
Jan 17, 2019
Feb 1, 2019Feb 28, 2019
$0.3820
$0.3820
Quarterly+6.70%
Oct 18, 2018
Nov 2, 2018Nov 30, 2018
$0.3580
$0.3580
Quarterly0.00%
Jul 19, 2018
Aug 3, 2018Aug 31, 2018
$0.3580
$0.3580
Quarterly0.00%
Apr 19, 2018
May 4, 2018May 31, 2018
$0.3580
$0.3580
Quarterly0.00%
Feb 5, 2018
Feb 16, 2018Feb 28, 2018
$0.3580
$0.3580
Quarterly+7.83%
Oct 19, 2017
Nov 3, 2017Nov 30, 2017
$0.3320
$0.3320
Quarterly0.00%
Jul 20, 2017
Aug 4, 2017Aug 31, 2017
$0.3320
$0.3320
Quarterly0.00%
Apr 20, 2017
May 5, 2017May 31, 2017
$0.3320
$0.3320
Quarterly0.00%
Jan 19, 2017
Feb 3, 2017Feb 28, 2017
$0.3320
$0.3320
Quarterly+7.10%
Oct 20, 2016
Nov 4, 2016Nov 30, 2016
$0.3100
$0.3100
Quarterly0.00%
Jul 21, 2016
Aug 5, 2016Aug 31, 2016
$0.3100
$0.3100
Quarterly0.00%
Apr 21, 2016
May 6, 2016May 31, 2016
$0.3100
$0.3100
Quarterly0.00%
Jan 21, 2016
Feb 5, 2016Feb 29, 2016
$0.3100
$0.3100
Quarterly+6.90%
Oct 16, 2015
Nov 6, 2015Nov 30, 2015
$0.2900
$0.2900
Quarterly0.00%
Jul 13, 2015
Aug 7, 2015Aug 31, 2015
$0.2900
$0.2900
Quarterly0.00%
Apr 13, 2015
May 8, 2015May 29, 2015
$0.2900
$0.2900
Quarterly0.00%
Jan 22, 2015
Feb 6, 2015Feb 27, 2015
$0.2900
$0.2900
Quarterly+7.41%
Oct 17, 2014
Nov 7, 2014Nov 26, 2014
$0.2700
$0.2700
Quarterly0.00%
Jul 14, 2014
Aug 1, 2014Aug 29, 2014
$0.2700
$0.2700
Quarterly0.00%
Apr 14, 2014
May 2, 2014May 30, 2014
$0.2700
$0.2700
Quarterly0.00%
Jan 23, 2014
Feb 7, 2014Feb 28, 2014
$0.2700
$0.2700
Quarterly-
cms

CMS Energy Corporation Payout Ratio Analysis

CMS ยท NYSE
Dividends Paid
-663.00M
2025
Net Income
1.07B
2025
Payout Ratio
61.90%
2025

Dividend Sustainability Analysis

Payout Ratio
61.90%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
-41.7%

Negative free cash flow while paying dividends is a major red flag. Company burning cash and cannot sustain dividend without external financing.

Dividend Growth
-5.9%

Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.

Sustainability
Fair

Dividend sustainability questionable. Monitor closely for signs of stress. Consider whether yield justifies the risk.