CMS Energy Utility Division Declares Preferred Dividends
The utility subsidiary of CMS Energy announced yesterday that it was paying dividends on both series of its preferred stock, payable on July 1 to the holders of record at the close of business on June 3.
The board of directors of Consumers Energy said that on its $4.16 stock, which trades on the NYSE under the symbol CMS_pa, it was paying a dividend of $1.04 per share, while on its $4.50 stock, which trades on the NYSE under the symbol CMS_pb, it was paying a dividend of $1.125 per share.
Based on CMS Energy's second-quarter dividend of $0.255 for each share of common stock, which was announced in April, the dividend for non-preferred shares annualizes to $1.02 per share. That yields 3.6% at CMS Energy's most recent closing price on May 16.
The article CMS Energy Utility Division Declares Preferred Dividends originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
