CMS Energy Corporation (CMS) to Issue Quarterly Dividend of $0.54 on November 26th

CMS Energy Corporation (NYSE:CMS) announced a quarterly dividend on Monday, October 20th. Investors of record on Friday, November 7th will be given a dividend of 0.5425 per share by the utilities provider on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, November 7th.

CMS Energy has a dividend payout ratio of 56.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CMS Energy to earn $3.88 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 55.9%.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $74.51 on Wednesday. The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.40. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The business has a 50-day moving average of $72.32 and a 200 day moving average of $71.66. CMS Energy has a 12 month low of $63.97 and a 12 month high of $76.45.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. The business’s quarterly revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, sell-side analysts forecast that CMS Energy will post 3.59 earnings per share for the current year.

About CMS Energy

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.