Record · Preferred

CMS Energy Corporation (CMSC) dividend, yield to call and par

The record members read, with the price chart and the complete dividend ledger opening on a free account.

CMSC pays $0.37/share a quarter, a 7.33% current yield at $20.05. It is a cumulative preferred from CMS Energy Corporation with a 5.875% coupon on $25 par, callable now.

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Closing priceTerms from the prospectusDividends from company declarations

CMSC

Preferred · NYSE

$20.05

-19.80% vs par

$0.37

dividend, quarterly

Mar 31, 2027

next ex-date, projected

7.33%

yield to call

$25

par value

Price 4:00 pm ET, Nov 6, 2026

CMSC

Preferred · NYSE

$20.05

-19.80% vs par

52-week $19.45 to $24.08

CMS Energy Corp., 5.875% Junior Subordinated Notes due 10/15/2078

$25 parCumulativeQuarterly

Q1 · What it pays

7.33%current yield on $1.47 a year, quarterly

CMSC has paid $0.37/share every quarter since December 30, 2021, $1.47 a year. The yield to call reads 7.33% with the issue callable at any time. The last ex-date was December 31, 2026, paid January 15, 2027.

Yield to call7.33%

Stripped yield7.38%

Q2 · What to check

The shares trade 19.8% below par, so a call would return more than the price paid. The issue matures October 15, 2078.

Coupon

5.875%

Credit quality

Investment grade

Call date

Callable now

Maturity

Oct 15, 2078

Average volume, 30 days

33.8K

shares a day

Issuer

CMS Energy Corporation

Q3 · The terms

Par value

$25

Liquidation preference

$25.00

Coupon type

—

Dividends

Cumulative

Reset date

None

Qualified dividends

Not eligible

Q4 · What happens next

Next ex-date, projected from the cycleMar 31, 2027

Projected pay dateApr 15, 2027

Amount$0.37

Call dateCallable now

MaturityOct 15, 2078

Dividend history

Ex-date and pay date

Ex-date	Pay date	Per share	Annual rate	Kind
Mar 31, 2027	Apr 15, 2027	$0.37	$1.47	Projected
Dec 31, 2026	Jan 15, 2027	$0.37	$1.47	Regular
Sep 30, 2026	Oct 15, 2026	$0.37	$1.47	Regular
Jun 30, 2026	Jul 15, 2026	$0.37	$1.47	Regular
Mar 31, 2026	Apr 15, 2026	$0.37	$1.47	Regular
Dec 31, 2025	Jan 15, 2026	$0.37	$1.47	Regular
Sep 30, 2025	Oct 15, 2025	$0.37	$1.47	Regular
Jun 30, 2025	Jul 15, 2025	$0.37	$1.47	Regular
Mar 31, 2025	Apr 15, 2025	$0.37	$1.47	Regular

The last eight declarations and the projected next one. The complete ledger, the chart and the declaration dates open with a free account.

About CMS Energy Corporation

CMS Energy Corporation issued CMSC, a cumulative preferred with a 5.875% coupon on $25 par, callable now. The issuer is in utilities.

Company description

CMS Energy Corporation primarily operates within the electric and natural gas industries. Its core business is structured across three distinct segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment handles the complete cycle of electricity, from its generation and purchase to its distribution and ultimate sale. Meanwhile, the Gas Utility segment manages the acquisition, transmission, storage, distribution, and retail of natural gas. The NorthStar Clean Energy division is dedicated to domestic independent power production, encompassing the development and operation of renewable energy sources, alongside the marketing of independently generated power. Established in 1987, the company's corporate headquarters are located in Jackson, Michigan.

Same issuer

CMSACMS-CCMSD

Read on

Current yield, yield to call and yield to worstWhich yield to read when a preferred trades away from par.
Understanding call provisions and call riskWhat the call date means for an issue above or below par.
Cumulative vs. non-cumulative preferred stocksWhat happens to a missed dividend under each kind.
How much income does $100,000 in preferred stocks payThe arithmetic on three public records, share by share, before and after tax.
How are preferred stock dividends taxedQualified, REIT or interest: which this issuer pays and what each keeps.
GlossaryThe terms on this page, defined.

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Credit quality shows Investment grade, High yield or Not rated. No agency grades are shown. Sources: SEC EDGAR, licensed market data, FRED. Nothing on this page is investment advice or a recommendation to buy, sell or hold.