CMS dividend capture — median 1d pre-ex touch, 90% /30d touch rate over 20 ex-dates. Next ex-date, event history, after-tax calculator & simulator.
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
CMS Energy (CMS) has touched its pre-ex close within 30 trading days in 90% of the last 20 ex-dividend events, with a median time-to-touch of 1 trading day (limit-order recovery basis). The dividend is below the typical daily price swing (signal-to-noise 0.41), meaning ordinary day-to-day noise can easily exceed the dividend itself.
Versus its sector, CMS sits roughly in line with the Utilities sector benchmark of 95%. The sector median time-to-touch is 1 trading day, matching the peer pace.
Historical base rates are not predictions; transaction costs, slippage, and ordinary-income tax on short holding periods can materially reduce realized profit. The next confirmed ex-dividend date is Aug 7, 2026, with an expected dividend of $0.57.
Touch rate (30d)
90%
Median days-to-touch
1d
Signal-to-noise
0.41
TL;DR over the most recent 20 events.
| Metric | Value | vs sector |
|---|---|---|
| 30-day touch rate | 90% | -5pp vs sector |
| Median days-to-touch | 1d | in line with sector |
| Signal-to-noise (div / ATR) | 0.41 | in line with sector |
| Avg gap on ex-date | -0.61% | in line with sector |
| Win rate at MOC exit | 65% | — |
| Median drawdown during hold | -2.81% | +0.94pp vs sector |
| Best / worst touch (days) | 1 / 15 | — |
Confirmed by company declaration.
Dividend
$0.57
Per-event yield
0.77%
Annualized yield
3.14%
Previously paid
May 8, 2026 ($0.57)
Last record date
May 8, 2026
Last payment date
May 29, 2026
Per-event gap on ex-date, the pre-ex close used as the touch target, trading days to first intraday highat or above that level, plus 5/30-day touch flags, drawdown and 5-day P&L for CMS Energy (CMS). For a stricter close-at-bell exit timeline, use the simulator below (MOC mode). td = trading days from ex-date.
| Recovered 5d | Recovered 30d | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Q2 | $0.57 | -0.47% | $73.96 | 11 | no | yes | -3.29% | -2.37% | |
| Q1 | $0.57 | -0.21% | $76.74 | 1 | yes | yes | -2.28% | +0.79% | |
| Q4 | $0.54 | -0.55% | $72.35 | 1 | yes | yes | -0.66% | +2.95% | |
| Q3 | $0.54 | -0.20% | $74.53 | 1 | yes | yes | -3.41% | -2.26% | |
| Q2 | $0.54 | -0.39% | $72.60 | >30 | no | no | -6.74% | -0.81% | |
| Q1 | $0.54 | -0.36% | $69.82 | 2 | yes | yes | -1.55% | +4.07% | |
| Q4 | $0.52 | -0.16% | $68.10 | 1 | yes | yes | -1.35% | +1.37% | |
| Q3 | $0.52 | -0.15% | $66.37 | 1 | yes | yes | -3.25% | -0.69% | |
| Q2 | $0.52 | -0.25% | $62.91 | 2 | yes | yes | -3.51% | +0.34% | |
| Q1 | $0.52 | -0.96% | $56.27 | 2 | yes | yes | -2.08% | +2.69% | |
| Q4 | $0.49 | -1.04% | $54.73 | 1 | yes | yes | -1.10% | +0.91% | |
| Q3 | $0.49 | -1.06% | $60.28 | >30 | no | no | -7.28% | -3.95% | |
| Q2 | $0.49 | -0.51% | $61.19 | 1 | yes | yes | -4.53% | +1.39% | |
| Q1 | $0.49 | -0.31% | $60.50 | 1 | yes | yes | -1.72% | +3.24% | |
| Q4 | $0.46 | -1.68% | $57.04 | 1 | yes | yes | -2.82% | +4.59% | |
| Q3 | $0.46 | -0.71% | $69.34 | 1 | yes | yes | -3.09% | -0.29% | |
| Q2 | $0.46 | -0.92% | $68.84 | 3 | yes | yes | -2.79% | +0.29% | |
| Q1 | $0.46 | -1.27% | $64.82 | 15 | no | yes | -5.65% | -3.02% | |
| Q4 | $0.44 | -0.63% | $60.15 | 2 | yes | yes | -1.56% | +0.61% | |
| Q3 | $0.44 | -0.43% | $63.26 | 1 | yes | yes | -1.11% | +0.28% |
First trading session whose intraday high reached the pre-ex close within the 30-day measurement window. td = trading days from ex-date.
| Touch window | Distribution | Count | Share |
|---|---|---|---|
| ≤ 1 day | 11 | 55% | |
| 2–3 days | 5 | 25% | |
| 4–5 days | 0 | 0% | |
| 6–10 days | 0 | 0% | |
| 11–30 days | 2 | 10% | |
| 30+ | 2 | 10% |
Pre-filled with CMS's next expected dividend and recent close. Adjust tax rate, holding period and slippage to estimate after-tax capture yield.
U.S. ordinary-income rate (22-37%) applies on holds shorter than 61 days. Hold longer to qualify for the 0/15/20% qualified-dividend rate.
Replay every historical CMS ex-dividend with two exit strategies: a GTC limit-order at the pre-ex close, or hold for N days and exit at MOC. Pick the window and quarter filter that matches your plan.
Linked to your history table
These backtests use the same ex-dividend rows as Dividend Capture History on this page — 20 events loaded.
Quarter filter is All — every row in the table above is included here. Change quarter below to match the slice you want to stress-test.
Sell back at the pre-ex close on the first intraday touch within the window. If it never touches, exit at MOC after the window expires (stop-loss).
Figures are gross — before tax, commissions, and slippage. Percents are per-event return on capital at entry (pre-ex close).
Avg P&L per trade (20 events)
+0.11%
Win rate (20 trades)
80%
Cumulative P&L
+2.15%
Buy & hold (same sample)
+30.64%
Best event
+0.92%
Worst event
-3.95%
Cumulative P&L (equity curve)
Vertical axis: cumulative sum of per-event % (same units as the headline cumulative). Hover the line for exact values.
Per-event P&L distribution
20 trades in this sample · bar height ∝ count in each bucket (gross % per event).
Scenario P&L by event · CMS (20)
Scenario P&L — updates with exit mode, window, and quarter. History adds gap, touch, drawdown, and a fixed P&L 5d % (MOC). Same per-row % as that column only for MOC + 5d on the same rows. Oldest → newest, gross pre-ex close basis.
| Ex-date | P&L |
|---|---|
| +0.69% | |
| +0.72% | |
| -3.02% | |
| +0.67% | |
| +0.66% | |
| +0.81% | |
| +0.81% | |
| +0.80% | |
| -3.95% | |
| +0.89% | |
| +0.92% | |
| +0.82% | |
| +0.78% | |
| +0.76% | |
| +0.78% | |
| -0.81% | |
| +0.73% | |
| +0.75% | |
| +0.74% | |
| -2.37% |
Results are illustrative only and are not financial advice. Capture simulations use historical prices and simplified costs and tax assumptions. Actual fills, borrow fees, and market rules vary. Consult a qualified advisor before trading.
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
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