
Consumers Energy Company
CMS-PBUtilities · Utilities - Regulated Electric · Stock · quarterly payer
Forward Yield
5.92%
Annual Dividend
$4.50
Payout Ratio
—
5-Yr Growth
0.0%
Ex-Date
Sep 2, 2026
Frequency
Quarterly
Key facts about CMS-PB's dividend
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, Consumers Energy Company (CMS-PB) has a forward dividend yield of 5.92%, based on an annual dividend of $4.50 per share and a share price of $76.01.
- As of Oct 8, 2026, CMS-PB's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
- CMS-PB has never cut its regular dividend in the payment history SmarterDividends has on record.
- CMS-PB's most recent ex-dividend date was Sep 2, 2026, for a dividend of $1.13 per share.
- CMS-PB's dividend has been roughly flat over the past five years.
- As of Oct 8, 2026, CMS-PB's 5.92% yield is 18% above its five-year average yield of 5.02%.
- As of Oct 8, 2026, SmarterDividends' blended fair-value estimate for CMS-PB is $121.32 per share, 60% above the $76.01 share price, so CMS-PB screens as undervalued.
- Consumers Energy Company (CMS-PB) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "CMS-PB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 8, 2026, https://smarterdividends.com/stocks/CMS-PB
Summary
As of Oct 8, 2026, Consumers Energy Company (CMS-PB) yields 5.92% ($4.50 a year per share) and has a dividend safety grade of A (89/100).
Is CMS-PB a good dividend stock?
YesConsumers Energy Company (CMS-PB) pays a quarterly dividend yielding 5.92% ($4.50/yr), with 0 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
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.92%
- Payout Ratio
- —
- Annual Dividend
- $4.50
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Sep 2, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 7.0
- 5-Yr Total Return
- -30%
- 52-Week Range
- $72.35 – $84.50
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
Frequently Asked Questions
Is CMS-PB a good dividend stock?
Yes. Consumers Energy Company (CMS-PB) pays a quarterly dividend yielding 5.92% ($4.50/yr), with 0 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-PB undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CMS-PB's fair value is about $121.32 versus a $76.01 share price — so it looks undervalued (+60% vs. fair value).
Is CMS-PB's dividend safe?
CMS-PB has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is CMS-PB's fair value?
Our blended fair-value estimate for CMS-PB is about $121.32 per share, roughly 60% above the current $76.01 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is CMS-PB a buy, hold, or sell?
We don't issue formal ratings, but on the data CMS-PB screens as "yes" and undervalued. Consumers Energy Company (CMS-PB) pays a quarterly dividend yielding 5.92% ($4.50/yr), with 0 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-PB cut its dividend?
CMS-PB earns a dividend-safety grade of A (89/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does CMS-PB pay a dividend?
Yes. Consumers Energy Company pays a quarterly dividend of about $4.50 per share annually, a forward yield of roughly 5.92%.
What is CMS-PB's dividend yield?
As of Oct 8, 2026, CMS-PB's forward dividend yield is 5.92%, based on a $4.50 annual dividend and a $76.01 share price.
What is CMS-PB's dividend per share?
As of Oct 8, 2026, CMS-PB pays $4.50 per share per year, distributed on a quarterly basis.
How many years has CMS-PB grown its dividend?
CMS-PB does not currently have a long dividend-growth streak on record.
When is the next CMS-PB ex-dividend date?
As of Oct 8, 2026, CMS-PB's next ex-dividend date hasn't been announced. The most recent was Sep 2, 2026, for $1.13 per share.
CMS-PB Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-6%
5 Years
-30%
52-Week Range
$72.35 – $84.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CMS-PB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Consumers Energy Company is $121.32 per share, versus a market price of $76.01. That implies 60% of upside — a margin of safety of about 37%.
Fair Value
$121.32
Current Price
$76.01
Upside
+60%
Margin of Safety
37%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -6.4% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $10.86 EPS, $4.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CMS-PB 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
Full CMS-PB dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 2, 2026 | Oct 1, 2026 | $1.1250 | regular |
| Jun 1, 2026 | Jul 1, 2026 | $1.1250 | regular |
| Mar 2, 2026 | Apr 1, 2026 | $1.1250 | regular |
| Dec 1, 2025 | Jan 1, 2026 | $1.1250 | regular |
| Sep 2, 2025 | Oct 1, 2025 | $1.1250 | regular |
| Jun 2, 2025 | Jul 1, 2025 | $1.1250 | regular |
| Mar 3, 2025 | Apr 1, 2025 | $1.1250 | regular |
| Dec 2, 2024 | Jan 1, 2025 | $1.1250 | regular |
| Sep 3, 2024 | Oct 1, 2024 | $1.1250 | regular |
| Jun 3, 2024 | Jul 1, 2024 | $1.1250 | regular |
| Mar 1, 2024 | Apr 1, 2024 | $1.1250 | regular |
| Dec 1, 2023 | Jan 1, 2024 | $1.1250 | regular |
| Sep 1, 2023 | Oct 1, 2023 | $1.1250 | regular |
| Jun 2, 2023 | Jul 1, 2023 | $1.1250 | regular |
Income Calculator
At $4.50 / yr per share
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