SmarterDividends
CMS

CMS Energy (CMS) Dividend

CMS Energy Corporation · Utilities · Utilities - Regulated Electric · quarterly payer

$70.78

Overvalued · -15% Add to Portfolio

As of Nov 5, 2026, CMS Energy (CMS) pays a quarterly dividend of $0.57 per share, or $2.28 a year, a 3.21% yield at its $70.78 share price. The next ex-dividend date is Nov 6, 2026, paid Dec 1, 2026. It has raised its dividend 18 years in a row and has a dividend safety grade of A.

Forward Yield

3.21%

Annual Dividend

$2.28

Payout Ratio

80%

5-Yr Growth

5.9%

Ex-Date

Nov 6, 2026

Frequency

Quarterly

Key facts about CMS's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, CMS Energy Corporation (CMS) has a forward dividend yield of 3.21%, based on an annual dividend of $2.28 per share and a share price of $70.78.
  • As of Nov 5, 2026, CMS's dividend safety grade from SmarterDividends is A (82 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, CMS Energy Corporation (CMS) has raised its dividend for 18 consecutive years as of Nov 5, 2026.
  • CMS last cut its regular dividend in 2007.
  • CMS's next ex-dividend date is Nov 6, 2026, with payment on Dec 1, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 5, 2026, CMS pays out 80% of its trailing 12-month earnings as dividends (its payout ratio).
  • CMS's dividend has grown at an average rate of 5.9% a year over the past five years.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for CMS is $60.04 per share, 15% below the $70.78 share price, so CMS screens as overvalued.
  • CMS Energy Corporation (CMS) pays its dividend quarterly, 4 times a year.
  • CMS Energy Corporation (CMS) has raised its regular dividend 27 times and cut it 1 time across the 134 payments on record since 1973. Its most recent change was a 5.0% increase to $0.570 per share, going ex-dividend on Feb 17, 2026. The last cut went ex-dividend on Aug 8, 2002.
  • CMS Energy (CMS) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 5.0%, was declared on Feb 5, 2026.
Cite this page

SmarterDividends, "CMS Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/CMS

Is CMS a good dividend stock?

Yes

CMS Energy Corporation (CMS) pays a quarterly dividend yielding 3.21% ($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
3.21%
Payout Ratio
80%
Annual Dividend
$2.28
5-Yr Avg Growth
5.9%
Ex-Dividend Date
Nov 6, 2026
Years of Growth
18
Frequency
quarterly
Beta
0.30
Market Cap
$22.2B
P/E Ratio
25.3
5-Yr Total Return
19%
52-Week Range
$62.29 – $80.36
Dividend Safety
A · 82/100
Ever Cut?
Yes (2007)

CMS dividend raises and cuts

CMS Energy Corporation (CMS) has raised its regular dividend 27 times and cut it 1 time across the 134 payments on record since 1973. Its most recent change was a 5.0% increase to $0.570 per share, going ex-dividend on Feb 17, 2026. The last cut went ex-dividend on Aug 8, 2002.

Ex-dateChangeOld → newMove
Feb 17, 2026Raise$0.543 → $0.570+5.0%
Feb 14, 2025Raise$0.515 → $0.543+5.4%
Feb 9, 2024Raise$0.488 → $0.515+5.5%
Feb 10, 2023Raise$0.460 → $0.488+6.1%
Feb 10, 2022Raise$0.435 → $0.460+5.7%
Feb 4, 2021Raise$0.408 → $0.435+6.6%
Feb 6, 2020Raise$0.383 → $0.408+6.5%
Jan 31, 2019Raise$0.358 → $0.383+7.0%
Feb 15, 2018Raise$0.333 → $0.358+7.5%
Feb 1, 2017Raise$0.310 → $0.333+7.4%
Feb 3, 2016Raise$0.290 → $0.310+6.9%
Feb 4, 2015Raise$0.270 → $0.290+7.4%
Show all 28 changes since 1990
Ex-dateChangeOld → newMove
Feb 5, 2014Raise$0.255 → $0.270+5.9%
Feb 6, 2013Raise$0.240 → $0.255+6.3%
Feb 8, 2012Raise$0.210 → $0.240+14.3%
Nov 3, 2010Raise$0.150 → $0.210+40.0%
Feb 4, 2010Raise$0.125 → $0.150+20.0%
Feb 4, 2009Raise$0.0900 → $0.125+38.9%
Feb 6, 2008Raise$0.0500 → $0.0900+80.0%
Aug 8, 2002Cut$0.365 → $0.180−50.7%
Jul 29, 1999Raise$0.330 → $0.365+10.6%
Aug 3, 1998Raise$0.300 → $0.330+10.0%
Jul 31, 1997Raise$0.270 → $0.300+11.1%
Aug 6, 1996Raise$0.240 → $0.270+12.5%
Aug 4, 1995Raise$0.210 → $0.240+14.3%
Aug 2, 1994Raise$0.180 → $0.210+16.7%
Aug 3, 1993Raise$0.120 → $0.180+50.0%
Oct 30, 1990Raise$0.100 → $0.120+20.0%
Every CMS payment →Download every raise and cut (CSV)
CMS ex-dividend date & scheduleNext ex-date Nov 6, 2026 · full ex-dividend historyView →CMS dividend historyEvery payment, totals by year, raises and cutsView →CMS dividend calculator100 shares pay $228.00 a year, $57.00 each quarterCalculate →CMS total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is CMS a good dividend stock?

Yes. CMS Energy Corporation (CMS) pays a quarterly dividend yielding 3.21% ($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.

Is CMS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CMS's fair value is about $60.04 versus a $70.78 share price — so it looks overvalued (-15% vs. fair value).

Is CMS's dividend safe?

CMS has a dividend-safety grade of A (82/100), based on its payout coverage, free-cash-flow, 18-year growth streak, a dividend cut in 2007, debt and yield-versus-history.

What is CMS's fair value?

Our blended fair-value estimate for CMS is about $60.04 per share, about 15% below the current $70.78 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CMS a buy, hold, or sell?

We don't issue formal ratings, but on the data CMS screens as "yes" and overvalued. CMS Energy Corporation (CMS) pays a quarterly dividend yielding 3.21% ($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. This is research for your own analysis, not investment advice.

Will CMS cut its dividend?

CMS earns a dividend-safety grade of A (82/100), and has cut its dividend before (last in 2007). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CMS pay a dividend?

Yes. CMS Energy Corporation pays a quarterly dividend of about $2.28 per share annually, a forward yield of roughly 3.21%.

How much dividend does 100 shares of CMS pay?

At $2.28 per share a year, 100 shares of CMS pay $228.00 a year in dividends before tax, about $57.00 each quarter. Buying them costs about $7,078 at the Nov 5, 2026 price.

What is CMS's dividend yield?

As of Nov 5, 2026, CMS's forward dividend yield is 3.21%, based on a $2.28 annual dividend and a $70.78 share price.

What is CMS's dividend per share?

As of Nov 5, 2026, CMS pays $2.28 per share per year, distributed on a quarterly basis.

What is CMS's dividend payout ratio?

As of Nov 5, 2026, CMS's payout ratio is 80% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has CMS grown its dividend?

As of Nov 5, 2026, CMS has increased its dividend for 18 consecutive years.

When is the next CMS ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for CMS is Nov 6, 2026.

Income Calculator

At $2.28 / yr per share

Per payment (quarterly)$57.00
Annual$228.00
Monthly avg$19.00
Full CMS dividend calculator →

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