By Colin Kellaher
CMS Energy's board has raised the utility holding company's quarterly dividend by 5.3%, to 54.25 cents from 51.5 cents.
The new payout, equal to $2.17 a year, represents an annual yield of about 3.23% based on Wednesday's closing price of $67.12, up from 3.07%.
The Jackson, Mich., company on Thursday said the increased dividend is payable Feb. 28 to shareholders of record Feb. 17.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 06, 2025 07:11 ET (12:11 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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