Trailing Dividend / Share
$2.21
CMS Energy Corporation (CMS) Dividend History
Income profile from 1973 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.0%
Payout Ratio
61.9%
Watch
Dividend Streak
18 years
CMS Dividend Income Check
Safety
61.9% payout ratio with watch safety profile.
Consistency
18 straight years of dividend increases.
Income Trend
Yield on cost is 3.6% and trend is rising.
CMS Dividend Scorecard
Yield & Income
Dividend Yield3.0%
Trailing DPS$2.21
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout61.9%
Earnings SafetyWatch
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score6/9
Growth
Growth Streak18 years
3Y CAGR5.7%
5Y CAGR5.9%
Yield on Cost (5Y)3.6%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield3.0%
1Y Total Return9.9%
5Y Total Return43.5%
Div Contribution (5Y)17.3%
Estimated $10K growth (return + dividends):
5Y ago$14,35110Y ago$20,84920Y ago$77,036
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
CMS Income Growth Story
Dividend per share and yield on cost over time (35 years of payments)
CMS Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
CMS Energy Corporation distributes 61.9% of earnings as dividends (Watch).
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
CMS has raised its dividend for 18 consecutive years, with a 3-year CAGR of 5.7% and 5-year CAGR of 5.9%.
Total Shareholder Returns
Beyond cash dividends, CMS returns capital through share repurchases. The combined picture: 3.0% dividend yield, 3.0% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.6% and is currently rising. The 5-year total return is 43.5%, with dividends contributing 17.3% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $20,849 today.
CMS Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$10.03
Avg/Payment$0.5015
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 8, 2026Latest | $0.5700 | — | 3.06% | May 29, 2026 |
| Feb 17, 2026 | $0.5700 | ↑ +5.1% | 2.89% | Feb 27, 2026 |
| Nov 7, 2025 | $0.5425 | — | 2.96% | Nov 26, 2025 |
| Aug 8, 2025 | $0.5425 | — | 2.92% | Aug 29, 2025 |
| May 9, 2025 | $0.5425 | — | 2.93% | May 30, 2025 |
| Feb 14, 2025 | $0.5425 | ↑ +5.3% | 3.03% | Feb 28, 2025 |
| Nov 13, 2024 | $0.5150 | — | 3.04% | Nov 27, 2024 |
| Aug 2, 2024 | $0.5150 | — | 3.07% | Aug 30, 2024 |
CMS Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
3.0%
#6 of 9
Safety
Watch
61.9% payout
Streak
18Y
5.9% 5Y CAGR
Total Shareholder
3.0%
#6 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| CMSCMS Energy Corporati… | $22.7B | 3.0% | 61.9% | 18 | Watch |
 WECWEC Energy Group, In… | $36.5B | 3.1% | 73.7% | 22 | Watch |
 EVRGEvergy, Inc. | $19.0B | 3.2% | 71.7% | 22 | Watch |
3rd  NWENorthwestern Energy … | $4.3B | 3.8% | 89.1% | 18 | At Risk |
 OTTROtter Tail Corporati… | $3.7B | 2.4% | 31.9% | 12 | Sustainable |
1st  AVAAvista Corporation | $3.3B | 4.9% | 82.4% | 23 | Watch |
 NINiSource Inc. | $22.7B | 2.4% | 57.1% | 14 | Sustainable |
2nd  ALEALLETE, Inc. | $3.9B | 4.1% | 90.8% | 15 | At Risk |
 DTEDTE Energy Company | $30.7B | 2.9% | 59.6% | 16 | Sustainable |
CMS Annual Dividend History (1973–2026)
39 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.14 | — | 2 | — | — | — | 1.9% |
| 2025 | $2.17 | 5.3% | 4 | $3.53 | 61.5% | 1.63x | 3.6% |
| 2024 | $2.06 | 5.6% | 4 | $3.33 | 61.9% | 1.62x | 3.5% |
| 2023 | $1.95 | 6.0% | 4 | $3.01 | 64.8% | 1.54x | 3.3% |
| 2022 | $1.84 | 5.7% | 4 | $2.85 | 64.6% | 1.55x | 3.1% |
| 2021 | $1.74 | 6.7% | 4 | $4.66 | 37.3% | 2.68x | 2.9% |
| 2020 | $1.63 | 6.5% | 4 | $2.64 | 61.7% | 1.62x | 2.7% |
| 2019 | $1.53 | 7.0% | 4 | $2.39 | 64.0% | 1.56x | 2.6% |
| 2018 | $1.43 | 7.5% | 4 | $2.32 | 61.6% | 1.62x | 2.4% |
| 2017 | $1.33 | 7.3% | 4 | $1.64 | 81.1% | 1.23x | 2.2% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into CMS consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
53+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
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CMS — Frequently Asked Questions
Quick answers to the most common questions about buying CMS stock.
How much dividend does CMS pay per share?
CMS Energy Corporation (CMS) pays a trailing 12-month dividend of $2.21 per share, with a current dividend yield of +3.0%. Payments are made Semi-Annual.
When is CMS's next ex-dividend date?
CMS's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CMS typically pays dividends Semi-Annual.
Is CMS's dividend safe?
CMS's dividend safety is rated "Watch" based on an earnings payout ratio of +61.9% and FCF payout ratio of N/A. With 18 consecutive years of dividend growth, the track record supports sustainability.
Is CMS a Dividend Achiever?
Yes, CMS Energy Corporation is classified as a Dividend Achiever with 18 consecutive years of dividend increases. The 5-year dividend CAGR is +5.9%, demonstrating above-inflation dividend growth.
How often does CMS pay dividends?
CMS Energy Corporation pays dividends Semi-Annual. The trailing 12-month total is $2.21 per share. Dividend data on this page covers 53+ years from 1973 to 2026.
How much would $10,000 invested in CMS grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CMS five years ago would be worth approximately $14,351 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CMS's yield on cost for long-term holders?
CMS's yield on cost — the current dividend divided by the original purchase price — is +3.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.0% market yield, thanks to consistent dividend growth.