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CMS Energy dividend history

CMS Energy's dividend was $1.84 a share in fiscal 2022, up 5.7% on the year before. That was 65.2% of net income. It has raised its dividend per share every year since fiscal 2009, as far back as our figures go.

Dividends, buybacks and capital spending

Diluted share count
+3.3%
year over year

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Dividend per share$0.500$0.660$0.840$0.960$1.02$1.08$1.16$1.24$1.33$1.43$1.53$1.63$1.74$1.84————
Dividend per share growth—+32.0%+27.3%+14.3%+6.3%+5.9%+7.4%+6.9%+7.3%+7.5%+7.0%+6.5%+6.7%+5.7%————
Dividends paid114162211252273295322347377407436467509546————
Dividends ÷ net income49.8%47.6%50.8%66.0%60.4%61.8%61.6%63.0%82.0%61.9%64.1%61.9%37.6%65.2%————
Dividends ÷ free cash flow380.0%117.4%73.5%>999%284.4%—423.7%—942.5%—————————

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Recent dividend announcements

  • CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock Source
  • CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock Source

Compare with peers

Head to head: AEE vs CMSCMS vs CNPCMS vs NICMS vs PNW

More: Multi-Utilities stocks compared, Utilities sector, rankings of US companies

Figures from CMS Energy's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to CMS Energy.