CMS Energy (CMS) Dividend
CMS Energy (CMS) currently pays a dividend yield of 3.21%, distributing $2.28 per share annually ($0.57 per quarter). The company operates in the Utilities sector.
CMS has raised its dividend for 18 consecutive years.
CMS dividend at a glance
| Dividend Yield | 3.21% |
|---|---|
| Annual Dividend | $2.28 per share |
| Per Payment | $0.57 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | November 7, 2026 |
| Next Payment Date | December 7, 2026 |
| Payout Ratio | 62% |
| Consecutive Years of Dividend Growth | 18 |
| Sector | Utilities |
| Implied Share Price (from yield) | $71.03 |
What CMS pays on a $10,000 investment
At a 3.21% yield, $10,000 invested in CMS generates about $321.00 per year, or roughly $80.25 every quarter. Share counts below use an implied price of $71.03, derived from the $2.28 annual dividend and the 3.21% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 14.1 | $32.10 | $8.02 |
| $5,000 | 70.4 | $160.50 | $40.12 |
| $10,000 | 140.8 | $321.00 | $80.25 |
| $25,000 | 352 | $802.50 | $200.62 |
| $100,000 | 1,407.9 | $3,210.00 | $802.50 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
CMS dividend payment schedule
CMS pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is November 7, 2026, with payment on December 7, 2026. Later rows are projected forward at the same interval and will shift when CMS Energy declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| November 7, 2026 | December 7, 2026 | $0.57 | Confirmed |
| February 7, 2027 | March 9, 2027 | $0.57 | Projected |
| May 7, 2027 | June 6, 2027 | $0.57 | Projected |
| August 7, 2027 | September 6, 2027 | $0.57 | Projected |
To collect a CMS dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How CMS's dividend compares
Across the 587 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.81%. CMS's 3.21% is 0.60 percentage points below that median, ranking 327th of 587 by yield.
Within Utilities, where we track 26 names, the median yield is 3.21% — putting CMS right at its sector.
Its 18-year run of dividend increases ranks 84th out of the 362 names in our data with an active growth streak.
What the numbers mean
CMS pays out roughly 62% of its earnings as dividends. That is on the higher side — still common for utilities and consumer staples, but it leaves less cushion if earnings dip.
Like most US dividend payers, CMS distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
CMS dividend FAQ
When is the next CMS ex-dividend date?
The next CMS ex-dividend date is November 7, 2026, with the payment scheduled for December 7, 2026. You must own shares before the ex-dividend date to receive that payment.
What is CMS's dividend yield?
CMS currently yields 3.21%, based on $2.28 in dividends per share over the past year.
How often does CMS pay dividends?
CMS pays quarterly, which works out to 4 payments per year of about $0.57 per share.
How much dividend income would $10,000 of CMS generate?
At the current 3.21% yield, $10,000 invested in CMS would produce roughly $321.00 per year, or about $80.25 per quarter, before taxes and assuming the dividend holds.
Has CMS increased its dividend?
Yes — CMS has raised its dividend for 18 consecutive years.
Related dividend stocks
Other Utilities dividend payers
- HYG — iShares iBoxx $ High Yield Corporate Bond ETF dividend (5.79%)
- EIX — Edison International dividend (5.12%)
- ES — Eversource Energy dividend (4.36%)
- D — Dominion Energy dividend (3.96%)
- FE — FirstEnergy Corp dividend (3.92%)
- NWN — Northwest Natural Holding Company dividend (3.91%)
- PNW — Pinnacle West Capital dividend (3.60%)
- WEC — WEC Energy Group dividend (3.54%)
Similar yields to CMS
- PPL — PPL Corp dividend (3.21%)
- SWK — Stanley Black & Decker dividend (3.20%)
- FDVV — Fidelity High Dividend ETF dividend (3.23%)
- PBR — Petróleo Brasileiro S.A. - Petrobras dividend (3.18%)
- MUB — iShares National Muni Bond ETF dividend (3.24%)
- USB — U.S. Bancorp dividend (3.25%)
Track CMS dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.