The adjustment brings the total annual payout to $2.28 per share, up from the previous $2.17. Based on Wednesday’s closing stock price of $71.60, the new dividend represents an annual yield of approximately 3.18%, a significant step up from the prior 3.03% yield.
Payout Timeline and Logistics
According to the company's statement, shareholders of record as of Feb. 17 will be eligible for the increased distribution. The Jackson, Michigan-based utility holding company confirmed that the dividend is scheduled for payment on Feb. 27.
The move reflects the company's ongoing commitment to shareholder returns amid a stable regulatory environment for utilities. CMS Energy remains a key player in the Midwest energy infrastructure, focusing on its primary operations within the Michigan market.
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