Consumers Energy Declares Quarterly Dividend on Preferred Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2026
0mins
Should l Buy CMS?
Source: Newsfilter
- Dividend Declaration: The Board of Directors of Consumers Energy has declared a quarterly dividend of $1.125 per share on its preferred stock, payable on April 1, 2026, to shareholders of record as of March 2, 2026, demonstrating the company's commitment to shareholder returns.
- Preferred Stock Details: This dividend applies to the $4.50 preferred stock (NYSE:CMS_pb), reflecting the company's strategic decision to maintain stable earnings and enhance shareholder value amidst market fluctuations.
- Tax Information Access: Additional information regarding the tax status of Consumers Energy's dividend distributions can be found in the Tax Information section of CMS Energy's website, which enhances transparency and provides essential financial details for investors.
- Company Overview: CMS Energy, based in Michigan, operates Consumers Energy as its primary business while also owning and operating independent power generation businesses, showcasing its diversified presence in the energy market.
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Analyst Views on CMS
Wall Street analysts forecast CMS stock price to rise
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 73.960
Low
71.00
Averages
79.11
High
85.00
Current: 73.960
Low
71.00
Averages
79.11
High
85.00
About CMS
CMS Energy Corporation is an energy company operating primarily in Michigan. It manages its businesses by the nature of services each provides and operates principally in three business segments: Electric Utility, Gas Utility and NorthStar Clean Energy. The Electric Utility segment consists of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan. The Gas Utility segment consists of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan. The NorthStar Clean Energy segment consists of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production. Its gas transmission, storage, and distribution system consists of 2,342 miles of transmission lines with 15 gas storage fields with a total storage capacity of 309 billion cubic feet (Bcf).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Quarterly Dividend Announcement: The Board of Directors of Consumers Energy has declared a quarterly dividend of $1.125 per share, payable on July 1, 2026, to shareholders of record as of June 1, 2026, reflecting the company's stable cash flow and commitment to shareholder returns.
- Preferred Stock Details: This dividend applies to the $4.50 preferred stock, indicating the company's prioritization of preferred shareholders' interests, which helps to bolster investor confidence in the company's financial health.
- Tax Information Access: Shareholders can obtain information regarding the tax status of the dividend distributions through the Tax Information section of CMS Energy's website, ensuring that investors are informed about the tax implications of their investments for better financial planning.
- Company Overview: CMS Energy is a Michigan-based energy provider with Consumers Energy as its primary business, also owning independent power generation operations, showcasing the company's diversified presence in the energy sector.
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- Quarterly Dividend Announcement: The Board of Consumers Energy has declared a quarterly dividend of $1.125 per share, payable on July 1, 2026, to shareholders of record as of June 1, 2026, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Preferred Stock Details: This dividend applies to the $4.50 preferred stock, reflecting the company's financing strategy through preferred equity, aimed at attracting more investor interest in its stable earnings performance.
- Tax Information Transparency: Consumers Energy provides details regarding the tax status of its dividend distributions, enhancing trust between the company and its investors while offering necessary financial transparency to shareholders.
- Company Background: As the principal subsidiary of CMS Energy, Consumers Energy focuses on energy supply and independent power generation, showcasing its leadership position and growth potential in the Michigan energy market.
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- Financial Guidance Reaffirmed: CEO Garrick Rochow reaffirmed the 2026 adjusted EPS guidance of $3.83 to $3.90, demonstrating sustained confidence towards the high end, indicating the company continues to pursue growth on a stable financial foundation.
- Regulatory Support Outcomes: The company secured over 65% of its requests approved in the electric business while maintaining a 9.9% ROE, which not only strengthens its market position but also provides a favorable regulatory environment for future investments.
- New Resource Plan: CMS plans to file a 20-year Integrated Resource Plan (IRP) in June, expected to include 1.5 gigawatts of new gas capacity and 13 gigawatts of renewable energy, which will help meet the growing customer demand and drive sustainable development.
- Contract Signing Progress: As of Q1, CMS signed approximately 110 megawatts of contracts, reflecting strong market demand, while a contract with Michigan Potash & Salt Company is expected to bring over $1.3 billion in investment and around 130 jobs, further boosting local economic development.
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- Net Income Growth: CMS Energy reported a net income of $338 million for Q1 2026, up 11.2% from $304 million last year, indicating sustained profitability improvements that bolster investor confidence.
- Earnings Per Share Increase: Adjusted earnings per share rose to $1.13 from $1.02 last year, reflecting successful cost control and operational efficiency, further solidifying the company's market position.
- Revenue Growth: Operating revenue increased to $2.730 billion from $2.450 billion year-over-year, marking an 11.8% growth that demonstrates strong sales performance amid recovering market demand.
- Outlook Reaffirmation: CMS Energy reaffirmed its adjusted earnings outlook for 2026 at $3.83 to $3.90 per share, with a long-term growth rate of 6% to 8%, showcasing the company's confidence in future growth and stable strategic planning.
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- Earnings Beat: CMS Energy reported a Q1 Non-GAAP EPS of $1.13, beating expectations by $0.03, reflecting the company's strong market performance and boosting investor confidence.
- Significant Revenue Growth: The company achieved revenues of $2.73 billion in Q1, representing an 11.4% year-over-year increase and exceeding market expectations by $220 million, indicating robust business momentum and solidifying its market position.
- Guidance Reaffirmed: CMS Energy reaffirmed its 2026 adjusted EPS guidance of $3.83 to $3.90, slightly above the consensus of $3.88, demonstrating confidence in its future profitability.
- Investment Plan Advancement: With a $24 billion investment plan progressing, CMS Energy's long-term growth potential is enhanced, expected to provide strong support for future earnings growth.
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