CMS Energy Corporation
CMSUtilities · Stock · quarterly payer
Forward Yield
3.49%
Annual Dividend
$2.28
Payout Ratio
67%
5-Yr Growth
5.9%
Ex-Date
Aug 7, 2026
Frequency
Quarterly
Summary
As of September 2026, CMS Energy Corporation (CMS) yields 3.49% ($2.28 per share annually), with a blended fair-value estimate of $69.53 — +6% upside, so it screens as fairly valued. Dividend safety grade: A (82/100). 18 years of dividend growth.
Is CMS a good dividend stock?
YesCMS Energy Corporation (CMS) pays a quarterly dividend yielding 3.49% ($2.28/yr), with 18 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 18 consecutive years of dividend growth
- Strong 5.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2007
Key Data
- Dividend Yield
- 3.49%
- Payout Ratio
- 67%
- Annual Dividend
- $2.28
- 5-Yr Avg Growth
- 5.9%
- Ex-Dividend Date
- Aug 7, 2026
- Years of Growth
- 18
- Frequency
- quarterly
- Beta
- 0.33
- Market Cap
- $20.2B
- P/E Ratio
- 19.6
- 5-Yr Total Return
- 8%
- 52-Week Range
- $65.14 – $80.36
- Dividend Safety
- A · 82/100
- Ever Cut?
- Yes (2007)
Frequently Asked Questions
CMS Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
+20%
5 Years
+8%
52-Week Range
$65.14 – $80.36
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CMS worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for CMS Energy Corporation is $69.53 per share, versus a market price of $65.34. That implies the stock is roughly fairly priced.
Fair Value
$69.53
Current Price
$65.34
Gap
+6%
Margin of Safety
6%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), 7.9% stage-1 growth, 2.5% terminal growth, $3.33 EPS, $2.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CMS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 7, 2026 | — | $0.5700 | regular |
| May 8, 2026 | — | $0.5700 | regular |
| Feb 17, 2026 | — | $0.5700 | regular |
| Nov 7, 2025 | — | $0.5430 | regular |
| Aug 8, 2025 | — | $0.5430 | regular |
| May 9, 2025 | — | $0.5430 | regular |
| Feb 14, 2025 | — | $0.5430 | regular |
| Nov 13, 2024 | — | $0.5150 | regular |
| Aug 2, 2024 | — | $0.5150 | regular |
| May 14, 2024 | — | $0.5150 | regular |
| Feb 9, 2024 | — | $0.5150 | regular |
| Nov 2, 2023 | — | $0.4880 | regular |
| Aug 3, 2023 | — | $0.4880 | regular |
| May 4, 2023 | — | $0.4880 | regular |
Income Calculator
At $2.28 / yr per share
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