Is CMS Energy Corporation a good dividend stock?

CMS Energy Corporation (CMS) is a dividend-paying stock with a current dividend yield of 3.01%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is CMS's dividend yield?

The dividend yield for CMS stock is currently 3.01%.

How much does CMS pay in dividends per year?

CMS Energy Corporation pays an annual dividend of $2.2250 per share over the trailing twelve months.

How often does CMS pay dividends?

CMS stock pays dividends quarterly.

Is CMS's dividend growing?

CMS Energy Corporation's 3-year dividend CAGR is 5.49%.

CMS Stock Price, Chart, Stats & News

CMS Energy Corporation

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Overview Dividend safety Dividends Fundamentals

CMS Energy Corporation (CMS) is a dividend-paying stock with a current dividend yield of 3.01% as of Jul 15, 2026. It pays $2.23 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 5.72% 5-year compound annual rate.

22.87B

Market cap

19.90x

Current P/E

19.61x

Forward P/E

3.01%

Dividend yield

$2.23

CMS dividend

Dividend safety

Strong

Dividend coverage looks healthy — CMS pays out about 60% of earnings.

See the safety analysis

CMS chart

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Fundamentals

Gross margin	60.91%
Operating margin	20.22%
Pretax margin	14.62%
Net margin	12.54%
Effective tax rate	19.71%
ROA	2.65%
ROE	12.33%
D/E	2.07x
Interest coverage ratio	2.19x

All financials

CMS valuation

P/E	19.90x
P/S	2.73x
P/B	2.51x
P/CF	10.25x
P/FCF	-14.70x
P/OCF	10.25x
PEG	12.37x
EV multiple	1.59x

About

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity.