CMS Energy (CMS) Raises Quarterly Dividend 6.9% to $0.31; 3.4% Yield
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CMS Energy's Board Of Directors Increases Quarterly Dividend On Common Stock By 7 Percent, To 31 Cents Per Share
January 21, 2016 1:00 PM ESTJACKSON, Mich., Jan. 21, 2016 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock by 7 percent, to 31 cents per share, up from 29 cents per share.
Based on Wednesday's closing price for CMS Energy common stock, $35.96, the dividend represents an annualized yield of 3.4 percent.
The first quarter dividend for the common stock is payable Feb. 29, 2016, to shareholders of record on Feb. 5, 2016.
John Russell, CMS Energy's president and chief executive officer, said the Board's decision to increase the current dividend at $1.24 per share on an annualized basis... More
