Trailing Dividend / Share
$2.21
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) Dividend History
Income profile from 2019 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
10.1%
Payout Ratio
61.9%
Watch
Dividend Streak
1 years
CMSD Dividend Income Check
Safety
61.9% payout ratio with watch safety profile.
Consistency
1 straight years of dividend increases.
Income Trend
Yield on cost is 5.3% and trend is flat.
CMSD Dividend Scorecard
Yield & Income
Dividend Yield10.1%
Trailing DPS$2.21
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout61.9%
Earnings SafetyWatch
FCF Payout37.8%
FCF SafetyWell Covered
Piotroski F-Score6/9
Growth
Growth Streak1 years
3Y CAGR0.2%
5Y CAGR-0.1%
Yield on Cost (5Y)5.3%
YOC Trendflat
Total Returns
Buyback Yield0.0%
Total Shareholder Yield10.1%
1Y Total Return4.5%
5Y Total Return5.1%
Div Contribution (5Y)26.3%
Estimated $10K growth (return + dividends):
5Y ago$10,51210Y ago$13,04520Y ago$13,045
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.
CMSD Income Growth Story
Dividend per share and yield on cost over time (8 years of payments)
CMSD 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 5.875% Junior Subordinated Notes due 2079 distributes 61.9% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 37.8%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
CMSD has raised its dividend for 1 consecutive year, with a 3-year CAGR of 0.2% and 5-year CAGR of -0.1%.
Total Shareholder Returns
Beyond cash dividends, CMSD returns capital through share repurchases. The combined picture: 10.1% dividend yield, 10.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.3% and is currently flat. The 5-year total return is 5.1%, with dividends contributing 26.3% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $13,045 today.
CMSD Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$7.34
Avg/Payment$0.3670
Latest Change-0.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 15, 2026Latest | $0.3672 | — | 6.37% | Jun 1, 2026 |
| Feb 13, 2026 | $0.3672 | — | 6.21% | Mar 2, 2026 |
| Nov 14, 2025 | $0.3672 | — | 6.12% | Dec 1, 2025 |
| Aug 15, 2025 | $0.3672 | — | 6.29% | Sep 2, 2025 |
| May 16, 2025 | $0.3672 | — | 6.66% | Jun 2, 2025 |
| Feb 14, 2025 | $0.3672 | — | 6.20% | Mar 3, 2025 |
| Nov 15, 2024 | $0.3672 | — | 6.01% | Dec 2, 2024 |
| Aug 16, 2024 | $0.3672 | — | 5.99% | Sep 3, 2024 |
CMSD Dividend vs Peers
Comparable companies in the same industry
#1 yield in peer group
Div Yield
10.1%
#1 of 9
Safety
Watch
61.9% payout
Streak
1Y
-0.1% 5Y CAGR
Total Shareholder
10.1%
#1 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
1st CMSDCMS Energy Corporati… | $6.7B | 10.1% | 61.9% | 1 | Watch |
 CMSCMS Energy Corporati… | $24.3B | 2.8% | 61.9% | 18 | Watch |
 NINiSource Inc. | $23.5B | 2.3% | 57.1% | 14 | Sustainable |
 WECWEC Energy Group, In… | $38.7B | 2.9% | 73.7% | 22 | Watch |
3rd  EVRGEvergy, Inc. | $20.1B | 3.0% | 71.7% | 22 | Watch |
2nd  PNWPinnacle West Capita… | $13.1B | 3.2% | 68.6% | 14 | Watch |
 DTEDTE Energy Company | $32.1B | 2.7% | 59.6% | 16 | Sustainable |
 AEPAmerican Electric Po… | $75.5B | 2.8% | 56.1% | 16 | Sustainable |
 EDConsolidated Edison,… | $41.3B | 2.9% | 57.6% | 51 | Sustainable |
CMSD Annual Dividend History (2009–2026)
18 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.73 | — | 2 | — | — | — | 2.7% |
| 2025 | $1.47 | 0.0% | 4 | $3.53 | 41.6% | 2.40x | 5.3% |
| 2024 | $1.47 | -0.0% | 4 | $3.33 | 44.1% | 2.27x | 5.3% |
| 2023 | $1.47 | 0.6% | 4 | $3.01 | 48.8% | 2.05x | 5.3% |
| 2022 | $1.46 | -1.1% | 4 | $2.85 | 51.2% | 1.95x | 5.3% |
| 2021 | $1.48 | 0.3% | 4 | $4.66 | 31.7% | 3.16x | 5.3% |
| 2020 | $1.47 | 28.4% | 4 | $2.64 | 55.8% | 1.79x | 5.3% |
| 2019 | $1.15 | — | 3 | $2.39 | 48.0% | 2.08x | 4.1% |
| 2018 | $0.00 | — | 0 | $2.32 | — | — | — |
| 2017 | $0.00 | — | 0 | $1.64 | — | — | — |
Consensus-Based Analysis Tools
Intrinsic Valuation
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Historical Returns
7+ years return with dividends reinvested.
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Peer Comparison
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CMSD — Frequently Asked Questions
Quick answers to the most common questions about buying CMSD stock.
How much dividend does CMSD pay per share?
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) pays a trailing 12-month dividend of $2.21 per share, with a current dividend yield of +10.1%. Payments are made Semi-Annual.
When is CMSD's next ex-dividend date?
CMSD's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CMSD typically pays dividends Semi-Annual.
Is CMSD's dividend safe?
CMSD's dividend safety is rated "Watch" based on an earnings payout ratio of +61.9% and FCF payout ratio of +37.8%. The 1-year growth streak provides moderate confidence.
How many years has CMSD increased its dividend?
CMSD has 1 consecutive years of dividend growth. The 5-year dividend CAGR is -0.1%.
How often does CMSD pay dividends?
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 pays dividends Semi-Annual. The trailing 12-month total is $2.21 per share. Dividend data on this page covers 7+ years from 2019 to 2026.
How much would $10,000 invested in CMSD grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CMSD five years ago would be worth approximately $10,512 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CMSD's yield on cost for long-term holders?
CMSD's yield on cost — the current dividend divided by the original purchase price — is +5.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +10.1% market yield, thanks to the lower original cost basis.