CMS Energy (CMS) Dividend Capture: 0.74% per event (3.0% annualized)
CMS
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 May 8, 2026, with an expected dividend of $0.57.
- Touch rate (30d)
- 90%-5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise
- 0.41in line with sector
Recovery engine
TL;DR over the most recent 20 events.
- 30-day touch rate
- 90%-5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise (div / ATR)
- 0.41in line with sector
- Avg gap on ex-date
- -0.60%+0.11pp vs sector
- Win rate at MOC exit
- 65%
- Median drawdown during hold
- -2.81%+0.96pp vs sector
- Best / worst touch (days)
- 1 / 15
Next ex-dividend
Confirmed by company declaration.
- Dividend
- $0.57
- Per-event yield
- 0.74%
- Annualized yield
- 2.97%
- Previously paid
- Feb 17, 2026 ($0.57)
- Last record date
- Feb 17, 2026
- Last payment date
- Feb 27, 2026
How CMS ranks in Utilities
Compared with other stocks in this sector that pass our capture-quality filter (45 tickers). Lower rank number is better on every metric below.
- 30-day touch rate#30of 45
Beats ~33% of peers on this metric
- Median days to touch#1of 45
Beats ~98% of peers on this metric
- Signal-to-noise#29of 45
Beats ~36% of peers on this metric
CMS Dividend Capture History — Last 20 Ex-Dividend Events
Per-event gap on ex-date, the pre-ex close used as the touch target, trading days to first intraday high at 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 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 | -1.26% | $64.82 | 15 | no | yes | -5.65% | -3.02% | |
| Q4 | $0.43 | -0.63% | $60.15 | 2 | yes | yes | -1.56% | +0.61% | |
| Q3 | $0.43 | -0.43% | $63.26 | 1 | yes | yes | -1.11% | +0.28% | |
| Q2 | $0.43 | -0.20% | $64.20 | 1 | yes | yes | -2.85% | -0.37% |
Q1
- Dividend
- $0.57
- Gap %
- -0.21%
- Pre-ex close
- $76.74
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.28%
- P&L 5d %
- +0.79%
Q4
- Dividend
- $0.54
- Gap %
- -0.55%
- Pre-ex close
- $72.35
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -0.66%
- P&L 5d %
- +2.95%
Q3
- Dividend
- $0.54
- Gap %
- -0.20%
- Pre-ex close
- $74.53
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.41%
- P&L 5d %
- -2.26%
Q2
- Dividend
- $0.54
- Gap %
- -0.39%
- Pre-ex close
- $72.60
- High touch (td)
- >30
- Recovered 5d
- no
- Recovered 30d
- no
- Drawdown
- -6.74%
- P&L 5d %
- -0.81%
Q1
- Dividend
- $0.54
- Gap %
- -0.36%
- Pre-ex close
- $69.82
- High touch (td)
- 2
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.55%
- P&L 5d %
- +4.07%
Q4
- Dividend
- $0.52
- Gap %
- -0.16%
- Pre-ex close
- $68.10
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.35%
- P&L 5d %
- +1.37%
Q3
- Dividend
- $0.52
- Gap %
- -0.15%
- Pre-ex close
- $66.37
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.25%
- P&L 5d %
- -0.69%
Q2
- Dividend
- $0.52
- Gap %
- -0.25%
- Pre-ex close
- $62.91
- High touch (td)
- 2
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.51%
- P&L 5d %
- +0.34%
Q1
- Dividend
- $0.52
- Gap %
- -0.96%
- Pre-ex close
- $56.27
- High touch (td)
- 2
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.08%
- P&L 5d %
- +2.69%
Q4
- Dividend
- $0.49
- Gap %
- -1.04%
- Pre-ex close
- $54.73
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.10%
- P&L 5d %
- +0.91%
Q3
- Dividend
- $0.49
- Gap %
- -1.06%
- Pre-ex close
- $60.28
- High touch (td)
- >30
- Recovered 5d
- no
- Recovered 30d
- no
- Drawdown
- -7.28%
- P&L 5d %
- -3.95%
Q2
- Dividend
- $0.49
- Gap %
- -0.51%
- Pre-ex close
- $61.19
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -4.53%
- P&L 5d %
- +1.39%
Q1
- Dividend
- $0.49
- Gap %
- -0.31%
- Pre-ex close
- $60.50
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.72%
- P&L 5d %
- +3.24%
Q4
- Dividend
- $0.46
- Gap %
- -1.68%
- Pre-ex close
- $57.04
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.82%
- P&L 5d %
- +4.59%
Q3
- Dividend
- $0.46
- Gap %
- -0.71%
- Pre-ex close
- $69.34
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.09%
- P&L 5d %
- -0.29%
Q2
- Dividend
- $0.46
- Gap %
- -0.92%
- Pre-ex close
- $68.84
- High touch (td)
- 3
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.79%
- P&L 5d %
- +0.29%
Q1
- Dividend
- $0.46
- Gap %
- -1.26%
- Pre-ex close
- $64.82
- High touch (td)
- 15
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -5.65%
- P&L 5d %
- -3.02%
Q4
- Dividend
- $0.43
- Gap %
- -0.63%
- Pre-ex close
- $60.15
- High touch (td)
- 2
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.56%
- P&L 5d %
- +0.61%
Q3
- Dividend
- $0.43
- Gap %
- -0.43%
- Pre-ex close
- $63.26
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.11%
- P&L 5d %
- +0.28%
Q2
- Dividend
- $0.43
- Gap %
- -0.20%
- Pre-ex close
- $64.20
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.85%
- P&L 5d %
- -0.37%
CMS Pre-Ex Touch Time Distribution
- ≤ 1 day1260%
- 2–3 days525%
- 4–5 days00%
- 6–10 days00%
- 11–30 days15%
- 30+210%
60% within 1d · 85% within 5d · 90% within 30d
CMS Dividend Capture Calculator — After-Tax Yield
Pre-filled with CMS's next expected dividend and recent close. Adjust tax rate, holding period and slippage to estimate after-tax capture yield.
Holding shorter than the IRS 61-day rule disqualifies the dividend from “qualified” status — it is taxed as ordinary income at your marginal rate. Adjust Tax % accordingly.
- Gross dividend
- $114.00
- After-tax dividend
- $74.10
- Slippage round-trip
- -$15.35
- Net if price returns to pre-ex
- +$58.75
- Required recovery to break even
- 0.00%
- Per-event after-tax yield
- +0.38%
- Annual if all succeed
- ~19.3%
CMS Dividend Capture Backtest Simulator
Replay every historical CMS ex-dividend with two exit strategies: a GTC limit-order at the pre-ex close (limit-order P&L on first intraday touch), or hold for N days and exit at MOC. Pick the window and quarter filter that matches your plan and see realized P&L per event.
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).
Cumulative P&L (equity curve)
Vertical axis: cumulative sum of per-event % (same units as the headline cumulative). Hover dots 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 |
|---|---|
| +0.68% | |
| +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% |
Looking for full price seasonality? See CMS seasonality →
Frequently asked questions
What is the dividend capture success rate for CMS?
Across the last 20 ex-dividend events for CMS Energy (CMS), the post-ex intraday high reached the pre-ex close within 30 trading days in 90% of cases, with a median time-to-touch of 1 trading day. We measure recovery via intraday high because that is when a GTC limit-order at the pre-ex close would actually fill, ending the trade at break-even with the dividend pocketed.
How long does it take CMS to recover its dividend gap?
Historically, CMS touches its pre-ex close in a median of 1 trading day, with the best case at 1 and the worst case at 15 trading days within our 30-day measurement window. A stricter close-based recovery (mark-to-MOC) is also computed in the database; explore it with the per-ticker simulator’s “Hold N days, exit MOC” mode rather than in the event table.
Is the dividend on CMS large enough to capture?
CMS has a signal-to-noise ratio of 0.41 (dividend / 14-day ATR). Values above 1.0 indicate the dividend is larger than the typical daily price swing, making capture trades more viable; below 0.5 means typical daily noise can easily wipe out the gain.
When is the next ex-dividend date for CMS?
The next ex-dividend date for CMS Energy (CMS) is May 8, 2026, confirmed (declared by the company).
How does CMS compare to its sector for dividend capture?
Within Utilities, the median 30-day pre-ex touch rate is 95%. CMS sits at 90% — at or below the sector benchmark.
Why does CMS dividend capture measure recovery via intraday high, not close?
A realistic capture trade exits via a GTC limit-order at the pre-ex close: the moment the post-ex intraday high touches that level, the order fills and the trader pockets the dividend at break-even. Measuring recovery via close is stricter (mark-to-MOC); we expose that path in the per-ticker simulator as the "Hold N days, exit MOC" mode. The high-based primary metric directly answers the trader-facing question "would my limit have filled?" — close-based answers "would I have been flat at the bell?".
How are dividend capture trades taxed in the US?
Holding period matters. Dividends are "qualified" (taxed at the long-term capital gains rate, 0/15/20%) only when the underlying shares are held for more than 60 days during the 121-day window centered on the ex-dividend date. Dividend capture trades typically hold less than 61 days, so the dividend is taxed at your ordinary income bracket. Always consult a qualified tax advisor.
What are the main risks of a dividend capture strategy?
Three structural risks: (1) the share price may not recover the gap within your holding window; (2) ordinary-income tax can consume the after-tax yield; (3) transaction costs and bid/ask slippage can wipe out small dividends. Historical statistics measure base rates; they do not guarantee any single trade will work.