CMS Dividend Yield 2026: CMS Energy Corporation

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Data last updated: Jul 06, 2026

Snapshot (as of Jul 06, 2026): CMS Energy Corporation (CMS) pays a $2.23 annual dividend ($0.57 quarterly), yielding 2.86% at $77.73/share. Next ex-dividend date 2026-05-08. 18 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 2.86%

Annual Dividend: $2.23 per share

Payout Ratio: 61.0%

Ex-Dividend Date: 2026-05-08

Dividend Frequency: quarterly

Sector: Utilities

Years of Dividend History: 35

About CMS Energy Corporation Dividend

CMS Energy Corporation dividend investors get exposure to a regulated Michigan utility serving 1.9 million electric and 1.8 million gas customers. The current yield is 2.86%, paid quarterly at $0.5563 per share on a trailing annual basis of $2.2250. The next ex-dividend date is May 8, 2026. With a beta of 0.342, CMS stock moves far less than the broader market, which suits income investors who prioritize low volatility over high yield.

Dividend Safety

CMS Energy Corporation pays out 61.0% of earnings as dividends, a payout ratio classified as elevated (60–75%). The company's regulated electric and gas utility operations in Michigan serve nearly 3.7 million customers across both segments, providing the kind of recurring, essential-service demand that supports a payout at this level. CMS Energy Corporation dividend safety faces its main pressure from that 61% payout ratio, which leaves a narrower buffer than lower-payout utilities if earnings come under stress.

CMS Energy Corporation (CMS) Dividend Growth Rate, CAGR, and History

CMS Energy Corporation dividend history shows a CAGR of 7.0% per year from 2011 to 2025. The per-share dividend grew from $0.8400 to $2.1700 over that window (2026 data is a partial year and excluded from this calculation). The smallest annual increase in the window was 5.3% in 2025, which shows growth is slowing at the margin even as the streak continues.

CMS Energy Corporation Dividend Growth Rate (CAGR)

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)

Is CMS Energy Corporation a Good Dividend Stock?

CMS Energy Corporation fits dividend investors who want a moderate (2–4%) yield from a regulated utility with a long, unbroken growth streak. Eighteen consecutive years of increases is a meaningful data point, and 7.0% annualized growth over 14 years is well above what most utilities deliver. The trade-off is a 61% payout ratio that sits at the upper end of the elevated range, leaving less room to absorb earnings pressure. CMS stock offers income with growth, but the payout ratio means that growth cannot accelerate much without earnings keeping pace.

Recent CMS Energy Corporation Dividend Payments

Payment Date	Amount per Share
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
2024-02-09	$0.5150

CMS Energy Corporation Annual Dividend History

Year	Total Dividends
2026	$1.1400
2025	$2.1700
2024	$2.0600
2023	$1.9505
2022	$1.8400

Related Utilities Dividend Stocks

• NEE — NextEra Energy, Inc. (2.68% yield)
• SO — The Southern Company (3.13% yield)
• DUK — Duke Energy Corporation (3.39% yield)
• CEG — Constellation Energy Corporation (0.65% yield)
• NGG — National Grid plc (3.89% yield)
• VST — Vistra Corp. (0.58% yield)

Frequently Asked Questions

How often does CMS Energy Corporation pay dividends?

CMS Energy Corporation pays dividends quarterly. The last dividend was $0.5700 per share, and the next ex-dividend date is May 8, 2026.

What is CMS Energy Corporation's current dividend yield?

The current CMS dividend yield is 2.86%, above the 5-year average yield of 2.51%. That gap means the stock is currently yielding more relative to its price than it has on average over the past five years.

Has CMS Energy Corporation ever cut its dividend?

No dividend cut appears in the available history window from 2011 to 2025. Every year in that period shows a year-over-year increase. The 2026 figure is a partial year and does not reflect a cut.

How fast has CMS Energy Corporation grown its dividend?

CMS has grown its dividend at a compound annual growth rate (CAGR) of 7.0% per year from 2011 to 2025. That pace lifted the per-share annual dividend from $0.8400 to $2.1700 over 14 years.

Is CMS Energy Corporation dividend safe?

The 61.0% payout ratio is elevated (60–75%), which means the dividend is covered by earnings but with a narrower margin than lower-payout utilities. Regulated utility operations serving nearly 3.7 million customers provide recurring revenue that supports the current payout level.

What type of investor is CMS Energy Corporation best suited for?

CMS Energy Corporation suits dividend investors who want a combination of moderate yield and above-average dividend growth from a low-volatility utility. A beta of 0.342 and 18 consecutive years of increases define the profile: income with low price swings, not maximum yield.

How does CMS Energy Corporation compare to its own historical yield?

The current yield of 2.86% is above the 5-year average of 2.51%, so CMS stock is yielding more than its recent norm. That difference reflects price movement relative to the growing dividend, not a change in payout policy.

Latest CMS News

• CMS Energy stock trades steadily as regulated utility earnings and dividend support valuation - ad-hoc-news.de — ad-hoc-news.de
• Wipro declares interim dividend worth Rs 2/share, fixes record date. Check details - The Economic Times — The Economic Times
• Plug This 3% Yield In, Light Up Your Portfolio's Returns: CMS Energy (NYSE:CMS) - Seeking Alpha — Seeking Alpha

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