Does CMS pay a dividend?

Yes. CMS Energy Corporation pays a quarterly dividend, currently yielding 3.58% based on trailing twelve-month payments of $2.25 per share.

How much does CMS pay in dividends?

$2.25 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next CMS ex-dividend date?

No upcoming ex-dividend date is currently on record for CMS. Dates appear here once the company declares them.

CMS Dividend

CMS Energy Corporation

NYSEUtilitiesStockData as of August 12, 2026

Dividend yield: 3.58%
Annual dividend: $2.25
Payout ratio: 0.67
Frequency: Quarterly
Share price: $62.95
Market cap: $19.7B

Is CMS a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is above the market median3.58% against a median of 2.92% across US dividend payers.
Dividend uses most of earningsA payout ratio of 0.67 leaves a narrower margin than the sub-0.60 range generally considered comfortable, though it remains within earnings.
Dividend has been cut 4 timesAcross 34 complete years, the annual total fell in 2000, 2002, 2007 and earlier. The most recent reduction was in 2007.
Raised for 18 consecutive yearsA long record of increases suggests both the cash generation to fund them and a management commitment to maintaining them. This figure is derived from payment history and is approximate.

CMS dividend history

Annual dividend per share, 1973 to 2025.

Peak $2.17 in 2025Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for CMS, most recent first.
Ex-dividend date	Pay date	Amount	Type
August 7, 2026	September 1, 2026	$0.5700	Quarterly
May 8, 2026	May 29, 2026	$0.5700	Quarterly
February 17, 2026	February 27, 2026	$0.5700	Quarterly
November 7, 2025	November 26, 2025	$0.5425	Quarterly
August 8, 2025	August 29, 2025	$0.5425	Quarterly
May 9, 2025	May 30, 2025	$0.5425	Quarterly
February 14, 2025	February 28, 2025	$0.5425	Quarterly
November 13, 2024	November 27, 2024	$0.5150	Quarterly
August 2, 2024	August 30, 2024	$0.5150	Quarterly
May 14, 2024	May 31, 2024	$0.5150	Quarterly
February 9, 2024	February 29, 2024	$0.5150	Quarterly
November 2, 2023	November 30, 2023	$0.4875	Quarterly
August 3, 2023	August 31, 2023	$0.4875	Quarterly
May 4, 2023	May 31, 2023	$0.4875	Quarterly
February 10, 2023	February 28, 2023	$0.4880	Quarterly
November 3, 2022	November 30, 2022	$0.4600	Quarterly
August 4, 2022	August 31, 2022	$0.4600	Quarterly
May 5, 2022	May 31, 2022	$0.4600	Quarterly
February 10, 2022	February 28, 2022	$0.4600	Quarterly
November 4, 2021	November 30, 2021	$0.4350	Quarterly
August 5, 2021	August 31, 2021	$0.4350	Quarterly
May 6, 2021	May 28, 2021	$0.4350	Quarterly
February 4, 2021	February 26, 2021	$0.4350	Quarterly
November 5, 2020	November 30, 2020	$0.4075	Quarterly
August 6, 2020	August 31, 2020	$0.4075	Quarterly
May 14, 2020	May 29, 2020	$0.4075	Quarterly
February 6, 2020	February 28, 2020	$0.4075	Quarterly
October 31, 2019	November 27, 2019	$0.3825	Quarterly
August 1, 2019	August 30, 2019	$0.3825	Quarterly
May 2, 2019	May 31, 2019	$0.3825	Quarterly
January 31, 2019	February 28, 2019	$0.3825	Quarterly
November 1, 2018	November 30, 2018	$0.3575	Quarterly
August 2, 2018	August 31, 2018	$0.3575	Quarterly
May 3, 2018	May 31, 2018	$0.3575	Quarterly
February 15, 2018	February 28, 2018	$0.3575	Quarterly
November 2, 2017	November 30, 2017	$0.3325	Quarterly
August 2, 2017	August 31, 2017	$0.3325	Quarterly
May 3, 2017	May 31, 2017	$0.3325	Quarterly
February 1, 2017	February 28, 2017	$0.3325	Quarterly
November 2, 2016	November 30, 2016	$0.3100	Quarterly

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Frequently asked questions

Does CMS pay a dividend?: Yes. CMS Energy Corporation pays a quarterly dividend, currently yielding 3.58% based on trailing twelve-month payments of $2.25 per share.
How much does CMS pay in dividends?: $2.25 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next CMS ex-dividend date?: No upcoming ex-dividend date is currently on record for CMS. Dates appear here once the company declares them.