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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): CMS Energy Corporation (CMS) pays a $2.25 annual dividend ($0.57 quarterly), yielding 3.30% at $68.21/share. Next ex-dividend date 2026-08-07. 18 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.30%
Annual Dividend: $2.25 per share
Payout Ratio: 67.3%
Ex-Dividend Date: 2026-08-07
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 35
CMS Energy Corporation dividend income comes from a Michigan-based utility serving 1.9 million electric and 1.8 million gas customers across regulated and clean energy operations. The current yield is 3.3%, with a trailing annual dividend rate of $2.2525 per share paid quarterly. The next ex-dividend date is August 7, 2026. A beta of 0.339 makes CMS stock one of the lower-volatility options in the market, which suits income investors who prioritize predictability over price swings.
CMS Energy Corporation pays out 67.3% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by the regulated nature of the business: electric and gas utility operations in Michigan generate demand that does not fluctuate with economic cycles the way discretionary businesses do, giving CMS Energy Corporation dividend safety a structural foundation. The main pressure point is that a 67.3% payout leaves limited room to absorb earnings shortfalls without affecting the dividend.
CMS Energy Corporation dividend history shows a CAGR of 7.0% per year from 2011 to 2025. Per-share payments grew from $0.84 to $2.17 over that window (2026 is a partial year and excluded from the CAGR calculation). The smallest annual increase in the window was 5.3% in 2025, which shows that even at the low end, CMS has kept growth above inflation.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.7% | $1.84 (2022) | $2.17 (2025) |
| 5-Year | +5.9% | $1.63 (2020) | $2.17 (2025) |
| 10-Year | +6.5% | $1.16 (2015) | $2.17 (2025) |
CMS Energy Corporation fits income-focused investors who want a regulated utility with a moderate (2–4%) yield and a 18-year streak of consecutive dividend increases. The current 3.3% yield sits above the 5-year average of 2.86%, meaning buyers today are locking in a better-than-average entry yield for this stock. The trade-off is a payout ratio at the elevated end of the range, which caps how aggressively the dividend can grow if earnings come under pressure. What CMS stock offers is predictable, growing income from an essential-service business. What it does not offer is a high starting yield or rapid payout expansion.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-07 | $0.5700 |
| 2026-05-08 | $0.5700 |
| 2026-02-17 | $0.5700 |
| 2025-11-07 | $0.5425 |
| 2025-08-08 | $0.5425 |
| 2025-05-09 | $0.5425 |
| 2025-02-14 | $0.5425 |
| 2024-11-13 | $0.5150 |
| 2024-08-02 | $0.5150 |
| 2024-05-14 | $0.5150 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.7100 |
| 2025 | $2.1700 |
| 2024 | $2.0600 |
| 2023 | $1.9505 |
| 2022 | $1.8400 |
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