CMS Energy (NYSE:CMS) has announced an increase in its dividend to $0.57 per share, payable on February 27th. Despite the increase, the dividend yield remains at 3.1%, which is below the industry average. The company’s earnings and cash flow are projected to comfortably cover future distributions, with EPS expected to grow by 27.1% next year, making the dividend sustainable.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
CMS Energy's (NYSE:CMS) Dividend Will Be Increased To $0.57
CMS Energy (NYSE:CMS) has announced an increase in its dividend to $0.57 per share, payable on February 27th. Despite the increase, the dividend yield remains at 3.1%, which is below the industry average. The company’s earnings and cash flow are projected to comfortably cover future distributions, with EPS expected to grow by 27.1% next year, making the dividend sustainable.