SmarterDividends
CMSD

CMS Energy Corporation 5.875% J

CMSD

Stock · quarterly payer

$19.86

Undervalued · +49% Add to Portfolio

Forward Yield

7.39%

Annual Dividend

$1.47

Payout Ratio

—

5-Yr Growth

-0.1%

Ex-Date

—

Frequency

Quarterly

Key facts about CMSD's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, CMS Energy Corporation 5.875% J (CMSD) has a forward dividend yield of 7.39%, based on an annual dividend of $1.47 per share and a share price of $19.86.
  • As of Oct 18, 2026, CMSD's dividend safety grade from SmarterDividends is B (72 out of 100), which rates the dividend as safe.
  • CMSD has never cut its regular dividend in the payment history SmarterDividends has on record.
  • CMSD's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.37 per share.
  • CMSD's dividend has shrunk at an average rate of 0.1% a year over the past five years.
  • As of Oct 18, 2026, CMSD's 7.39% yield is 24% above its five-year average yield of 5.96%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for CMSD is $29.68 per share, 49% above the $19.86 share price, so CMSD screens as undervalued.
  • CMS Energy Corporation 5.875% J (CMSD) pays its dividend quarterly, 4 times a year.
  • CMS Energy Corporation 5.875% J (CMSD) has raised its regular dividend 3 times and cut it 3 times across the 29 payments on record since 2019. Its most recent change was a 2.2% increase to $0.367 per share, going ex-dividend on May 16, 2022. The last cut went ex-dividend on Feb 11, 2022.
Cite this page

SmarterDividends, "CMSD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/CMSD

Summary

As of Oct 18, 2026, CMS Energy Corporation 5.875% J (CMSD) yields 7.39% ($1.47 a year per share) and has a dividend safety grade of B (72/100).

Is CMSD a good dividend stock?

Yes, with caveats

CMS Energy Corporation 5.875% J (CMSD) pays a quarterly dividend yielding 7.39% ($1.47/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record

Risks

  • Dividend has been shrinking, not growing
  • Share price is down over the past 5 years

Key Data

Dividend Yield
7.39%
Payout Ratio
—
Annual Dividend
$1.47
5-Yr Avg Growth
-0.1%
Ex-Dividend Date
—
Years of Growth
0
Frequency
quarterly
Beta
—
Market Cap
—
P/E Ratio
—
5-Yr Total Return
-25%
52-Week Range
$19.59 – $24.76
Dividend Safety
B · 72/100
Ever Cut?
No

CMSD dividend raises and cuts

CMS Energy Corporation 5.875% J (CMSD) has raised its regular dividend 3 times and cut it 3 times across the 29 payments on record since 2019. Its most recent change was a 2.2% increase to $0.367 per share, going ex-dividend on May 16, 2022. The last cut went ex-dividend on Feb 11, 2022.

Ex-dateChangeOld → newMove
May 16, 2022Raise$0.359 → $0.367+2.2%
Feb 11, 2022Cut$0.367 → $0.359−2.2%
Nov 15, 2021Cut$0.371 → $0.367−1.1%
May 14, 2021Raise$0.367 → $0.371+1.1%
Nov 13, 2020Cut$0.371 → $0.367−1.1%
Aug 14, 2020Raise$0.367 → $0.371+1.1%
Every CMSD payment →Download every raise and cut (CSV)
CMSD ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →CMSD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CMSD a good dividend stock?

Yes, with caveats. CMS Energy Corporation 5.875% J (CMSD) pays a quarterly dividend yielding 7.39% ($1.47/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is CMSD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CMSD's fair value is about $29.68 versus a $19.86 share price — so it looks undervalued (+49% vs. fair value).

Is CMSD's dividend safe?

CMSD has a dividend-safety grade of B (72/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is CMSD's fair value?

Our blended fair-value estimate for CMSD is about $29.68 per share, roughly 49% above the current $19.86 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CMSD a buy, hold, or sell?

We don't issue formal ratings, but on the data CMSD screens as "yes, with caveats" and undervalued. CMS Energy Corporation 5.875% J (CMSD) pays a quarterly dividend yielding 7.39% ($1.47/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will CMSD cut its dividend?

CMSD earns a dividend-safety grade of B (72/100), 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 CMSD pay a dividend?

Yes. CMS Energy Corporation 5.875% J pays a quarterly dividend of about $1.47 per share annually, a forward yield of roughly 7.39%.

What is CMSD's dividend yield?

As of Oct 18, 2026, CMSD's forward dividend yield is 7.39%, based on a $1.47 annual dividend and a $19.86 share price.

What is CMSD's dividend per share?

As of Oct 18, 2026, CMSD pays $1.47 per share per year, distributed on a quarterly basis.

How many years has CMSD grown its dividend?

CMSD does not currently have a long dividend-growth streak on record.

When is the next CMSD ex-dividend date?

As of Oct 18, 2026, CMSD's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.37 per share.

Income Calculator

At $1.47 / yr per share

Per payment (quarterly)$36.70
Annual$146.80
Monthly avg$12.23

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