CMS Energy (CMS) Dividend History & Yield
Dividend ContenderCMS Energy (CMS) has increased its dividend for 19 consecutive years and currently yields 3.05%. The most recent dividend was $0.5700/share on Feb 27, 2026, paid Quarterly.
CMS
Current Yield
3.05%
TTM Dividend/Share
$2.23
Payment Frequency
Quarterly
Payout Ratio
61.0%
Consecutive Growth Years
19 (Dividend Contender)
Div Growth (1Y CAGR)
5.34%
Div Growth (5Y CAGR)
5.89%
Div Growth (10Y CAGR)
6.46%
CMS: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
8.9%
FCF payout ratio
148.2%
Net debt / EBITDA
5.8x
Interest coverage
2.14x
ROIC (TTM)
6.3%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 61.0%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-5.29) does not fully cover dividend/share ($2.23).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
19 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 148.2%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 5.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.9%) ≤ EPS growth (13.9%) — sustainable.
Per-payment dividend history
Ex-date May 8, 2026
- Payment date
- May 29, 2026
- Dividend
- $0.5700
- Adj. dividend
- $0.5700
Ex-date Feb 17, 2026
- Payment date
- Feb 27, 2026
- Dividend
- $0.5700
- Adj. dividend
- $0.5700
Ex-date Nov 7, 2025
- Payment date
- Nov 26, 2025
- Dividend
- $0.5425
- Adj. dividend
- $0.5425
Ex-date Aug 8, 2025
- Payment date
- Aug 29, 2025
- Dividend
- $0.5425
- Adj. dividend
- $0.5425
Ex-date May 9, 2025
- Payment date
- May 30, 2025
- Dividend
- $0.5425
- Adj. dividend
- $0.5425
Ex-date Feb 14, 2025
- Payment date
- Feb 28, 2025
- Dividend
- $0.5425
- Adj. dividend
- $0.5425
Ex-date Nov 13, 2024
- Payment date
- Nov 27, 2024
- Dividend
- $0.5150
- Adj. dividend
- $0.5150
Ex-date Aug 2, 2024
- Payment date
- Aug 30, 2024
- Dividend
- $0.5150
- Adj. dividend
- $0.5150
Ex-date May 14, 2024
- Payment date
- May 31, 2024
- Dividend
- $0.5150
- Adj. dividend
- $0.5150
Ex-date Feb 9, 2024
- Payment date
- Feb 29, 2024
- Dividend
- $0.5150
- Adj. dividend
- $0.5150
Ex-date Nov 2, 2023
- Payment date
- Nov 30, 2023
- Dividend
- $0.4875
- Adj. dividend
- $0.4875
Ex-date Aug 3, 2023
- Payment date
- Aug 31, 2023
- Dividend
- $0.4875
- Adj. dividend
- $0.4875
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 8, 2026 | May 29, 2026 | $0.5700 | $0.5700 |
| Feb 17, 2026 | Feb 27, 2026 | $0.5700 | $0.5700 |
| Nov 7, 2025 | Nov 26, 2025 | $0.5425 | $0.5425 |
| Aug 8, 2025 | Aug 29, 2025 | $0.5425 | $0.5425 |
| May 9, 2025 | May 30, 2025 | $0.5425 | $0.5425 |
| Feb 14, 2025 | Feb 28, 2025 | $0.5425 | $0.5425 |
| Nov 13, 2024 | Nov 27, 2024 | $0.5150 | $0.5150 |
| Aug 2, 2024 | Aug 30, 2024 | $0.5150 | $0.5150 |
| May 14, 2024 | May 31, 2024 | $0.5150 | $0.5150 |
| Feb 9, 2024 | Feb 29, 2024 | $0.5150 | $0.5150 |
| Nov 2, 2023 | Nov 30, 2023 | $0.4875 | $0.4875 |
| Aug 3, 2023 | Aug 31, 2023 | $0.4875 | $0.4875 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
CMS Energy has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 19 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.1700 | — | — |
| 2025 | $2.0600 | $2.1700 | +5.3% |
| 2024 | $1.9505 | $2.0600 | +5.6% |
| 2023 | $1.8400 | $1.9505 | +6.0% |
| 2022 | $1.7400 | $1.8400 | +5.7% |
| 2021 | $1.6300 | $1.7400 | +6.7% |
| 2020 | $1.5300 | $1.6300 | +6.5% |
| 2019 | $1.4300 | $1.5300 | +7.0% |
| 2018 | $1.3300 | $1.4300 | +7.5% |
| 2017 | $1.2400 | $1.3300 | +7.3% |
| 2016 | $1.1600 | $1.2400 | +6.9% |
| 2015 | $1.0800 | $1.1600 | +7.4% |
| 2014 | $1.0200 | $1.0800 | +5.9% |
| 2013 | $0.9600 | $1.0200 | +6.3% |
| 2012 | $0.8400 | $0.9600 | +14.3% |
| 2011 | $0.6600 | $0.8400 | +27.3% |
| 2010 | $0.5000 | $0.6600 | +32.0% |
| 2009 | $0.3600 | $0.5000 | +38.9% |
| 2008 | $0.2000 | $0.3600 | +80.0% |
| 2007 | $1.0900 | $0.2000 | -81.7% |
| 2002 | $1.4600 | $1.0900 | -25.3% |
| 2001 | $1.4600 | $1.4600 | 0.0% |
| 2000 | $1.7550 | $1.4600 | -16.8% |
| 1999 | $1.2600 | $1.7550 | +39.3% |
| 1998 | $1.1400 | $1.2600 | +10.5% |
| 1997 | $1.0200 | $1.1400 | +11.8% |
| 1996 | $0.9000 | $1.0200 | +13.3% |
| 1995 | $0.7800 | $0.9000 | +15.4% |
| 1994 | $0.6000 | $0.7800 | +30.0% |
| 1993 | $0.4800 | $0.6000 | +25.0% |
| 1992 | $0.4800 | $0.4800 | 0.0% |
| 1991 | $0.4200 | $0.4800 | +14.3% |
| 1990 | — | $0.4200 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for CMS Energy (CMS) from the consolidated cash flow statement, in USD as filed.
Latest period
$675.00M
YoY change
+5.9%
5Y CAGR
+7.3%
Peak year (2025)
$663.00M
Latest annual
$663.00M
Cash dividends paid over time for CMS Energy (CMS)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for CMS Energy (CMS)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $663.00M | +5.9% | +$37.00M | ||
| 2024 | $626.00M | +8.1% | +$47.00M | ||
| 2023 | $579.00M | +6.0% | +$33.00M | ||
| 2022 | $546.00M | +7.3% | +$37.00M | ||
| 2021 | $509.00M | +9.0% | +$42.00M | ||
| 2020 | $467.00M | +7.1% | +$31.00M | ||
| 2019 | $436.00M | +7.1% | +$29.00M | ||
| 2018 | $407.00M | +8.0% | +$30.00M | ||
| 2017 | $377.00M | +8.6% | +$30.00M | ||
| 2016 | $347.00M | +7.8% | +$25.00M | ||
| 2015 | $322.00M | +9.2% | +$27.00M | ||
| 2014 | $295.00M | +8.1% | +$22.00M | ||
| 2013 | $273.00M | +8.3% | +$21.00M | ||
| 2012 | $252.00M | +19.4% | +$41.00M | ||
| 2011 | $211.00M | +37.0% | +$57.00M | ||
| 2010 | $154.00M | +35.1% | +$40.00M | ||
| 2009 | $114.00M | +39.0% | +$32.00M | ||
| 2008 | $82.00M | +82.2% | +$37.00M | ||
| 2007 | $45.00M | — | +$45.00M | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | -100.0% | -$149.00M | ||
| 2002 | $149.00M | -21.2% | -$40.00M | ||
| 2001 | $189.00M | +13.2% | +$22.00M | ||
| 2000 | $167.00M | +2.5% | +$4.00M | ||
| 1999 | $163.00M | +16.4% | +$23.00M | ||
| 1998 | $140.00M | +17.6% | +$21.00M | ||
| 1997 | $119.00M | +15.5% | +$16.00M | ||
| 1996 | $103.00M | +22.6% | +$19.00M | ||
| 1995 | $84.00M | +25.4% | +$17.00M | ||
| 1994 | $67.00M | — | — |
As of the 2025 fiscal year, CMS Energy (CMS) reported dividends paid of $663.00M – grew 5.9% year-over-year.
Over 2020–2025 (5 years), CMS Energy dividends paid expanded at a +7.3% compound annual rate, sustaining 19 straight years of year-over-year growth.
Across the available history, dividends paid reached its high of $663.00M in 2025 and its low of $0 in 2003.
CMS Energy (CMS) sits 7th of 8 Utilities peers we track on this metric, against a peer median of $2.14B.
CMS Energy Dividends Paid 2025: $663.00M
CMS Energy dividends paid in 2025 was $663.00M, grew 5.9% from 2024. This figure represents the highest annual value in the available history.
CMS Energy Dividends Paid 2024: $626.00M
CMS Energy dividends paid in 2024 was $626.00M, grew 8.1% from 2023.
CMS Energy Dividends Paid 2023: $579.00M
CMS Energy dividends paid in 2023 was $579.00M, grew 6.0% from 2022.
CMS Energy Dividends Paid 2022: $546.00M
CMS Energy dividends paid in 2022 was $546.00M, grew 7.3% from 2021.
CMS Energy Dividends Paid 2021: $509.00M
CMS Energy dividends paid in 2021 was $509.00M.
See more financial history for CMS Energy (CMS).
Sector peers by dividends paid
Companies in the same sector as CMS Energy, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| NextEra Energy (NEE) | $4.68B | Utilities |
| Duke Energy (DUK) | $3.30B | Utilities |
| Southern Company (SO) | $3.02B | Utilities |
| Dominion Energy (D) | $2.28B | Utilities |
| American Electric Power Company (AEP) | $2.01B | Utilities |
| Sempra (SRE) | $1.60B | Utilities |
| Constellation Energy (CEG) | $486.00M | Utilities |
| GE Vernova (GEV) | $275.00M | Utilities |
Frequently asked questions
Does CMS Energy pay dividends?
Yes, CMS Energy (CMS) pays quarterly dividends of approximately $2.23 per share annually, yielding 3.05%.
What is CMS Energy's dividend yield?
CMS Energy (CMS) has a current dividend yield of 3.05%.
Is CMS Energy's dividend safe?
CMS Energy (CMS) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has CMS Energy increased its dividend?
CMS Energy (CMS) has 19 consecutive years of dividend increases.
What is CMS Energy's dividend payout ratio?
CMS Energy (CMS) has a dividend payout ratio of 61.0%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is CMS Energy's dividends paid?
Latest reported dividends paid for CMS Energy (CMS) is $675.00M (period ending March 31, 2026).
How has CMS Energy dividends paid changed year-over-year?
CMS Energy (CMS) dividends paid changed +5.9% year-over-year on the latest annual filing.
What is the long-term growth rate of CMS Energy dividends paid?
CMS Energy (CMS) dividends paid compound annual growth rate is +7.3% over the most recent 5 years available.
When did CMS Energy dividends paid hit its highest annual value?
CMS Energy dividends paid reached its highest annual value of $663.00M in 2025.
What was CMS Energy dividends paid in 2024?
CMS Energy (CMS) dividends paid in 2024 was $626.00M.
What was CMS Energy dividends paid in 2025?
CMS Energy (CMS) dividends paid in 2025 was $663.00M.
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