JACKSON, Mich., Jan. 19, 2017 /PRNewswire/ -- The Board of
Directors of CMS Energy today increased the quarterly dividend on
the company's common stock by 7 percent, to 33.25 cents per share, up from 31 cents per share.
Based on Wednesday's closing price for CMS Energy common stock,
$42.19, the dividend represents an
annualized yield of 3.2 percent.
The first quarter dividend for the common stock is payable
Feb. 28, 2017, to shareholders of
record on Feb. 3, 2017.
Patti Poppe, CMS Energy's
president and chief executive officer, said the Board's decision to
increase the current dividend to $1.33 per share on an annualized basis reflects
the successful execution of the company's business strategy.
"We continue to make significant capital investments that serve
our customers and create value for our investors," Poppe said.
"Our long-term business plan calls for 6 percent to 8 percent
annual earnings growth, and our quarterly common stock dividend has
increased 10 cents, or nearly 38
percent, in the last five years. We expect to continue to increase
our dividend as we execute our strategy and increase our
earnings."
CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric
and natural gas utility, Consumers Energy, as its primary business
and also owns and operates independent power generation
businesses.
For more information on CMS Energy, please visit our website
at www.cmsenergy.com. To sign up for email
alert notifications, please visit the Investor Relations
section of our website.
This news release contains "forward-looking statements" as
defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule
175 of the Securities Act of 1933, and relevant legal decisions.
The forward-looking statements are subject to risks and
uncertainties. All forward-looking statements should be considered
in the context of the risk and other factors detailed from time to
time in CMS Energy's and Consumers Energy's Securities and Exchange
Commission filings. Forward-looking statements should be read
in conjunction with "FORWARD-LOOKING STATEMENTS AND INFORMATION"
and "RISK FACTORS" sections of CMS Energy's Form 10-K and Consumers
Energy's Form 10-K each for the year ended December 31, 2015, and as updated in CMS Energy's
and Consumers Energy's subsequent Forms 10-Q.
CMS Energy's and Consumers Energy's "FORWARD-LOOKING STATEMENTS
AND INFORMATION" and "RISK FACTORS" sections are incorporated
herein by reference and discuss important factors that could cause
CMS Energy's and Consumers Energy's results to differ materially
from those anticipated in such statements.
Investors and others should note that CMS Energy and Consumers
Energy post important financial information using the investor
relations section of the CMS Energy website, www.cmsenergy.com and
Securities and Exchange Commission filings.
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SOURCE CMS Energy