CMS Energy Corporation (CMS) To Go Ex-Dividend on November 6th

CMS Energy Corporation (NYSE:CMS) declared a quarterly dividend on Monday, October 19th. Shareholders of record on Friday, November 6th will be given a dividend of $0.57 per share by the utilities provider on Tuesday, December 1st. This represents a $2.28 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 6th.

CMS Energy has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 3 years. CMS Energy has a dividend payout ratio of 59.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CMS Energy to earn $4.15 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 54.9%.

CMS Energy Trading Down 1.1%

Shares of CMS stock opened at $69.96 on Wednesday. The stock has a 50-day simple moving average of $66.85 and a 200 day simple moving average of $72.52. The stock has a market capitalization of $21.94 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.59 and a beta of 0.31. CMS Energy has a fifty-two week low of $62.28 and a fifty-two week high of $80.36. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 1.88.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.35 by $0.09. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.23 billion. CMS Energy had a net margin of 9.72% and a return on equity of 12.28%. CMS Energy’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. On average, sell-side analysts expect that CMS Energy will post 3.87 earnings per share for the current fiscal year.

CMS Energy Company Profile

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.