CMS Energy (CMS) Rewards Shareholders With 5.6% Dividend Hike

CMS Energy Corp. (CMS) recently announced that its board of directors has approved a 5.6% increase in its quarterly dividend rate. The revised quarterly dividend will be 51.50 cents, payable on Feb 29, 2024, to shareholders of record at the close of business on Feb 12, 2024.The company’s new annualized dividend rate is $2.06 per share, resulting in an annualized dividend yield of 3.5%, based on its share price of $58.84 as of Feb 1, 2024. The company’s current dividend yield is better than the Zacks S&P 500 ...