CMS – Dividend Returns, History & Calculator

Dividend Contender 19 Years

Dividend Data

Div Yield 2.94%
5Y Avg Yield 2.81%
Current Div $0.570
Payouts/Year 4
Annualized $2.280
Previous Div $0.543
Ex-date Feb 17, 2026
Dividend Pay Date Feb 27, 2026

Price Data

Price $77.68
Price Change +0.17
Price Change % +0.23%
Next Earnings Report Apr 28, 2026
Low (52W) $67.71
High (52W) $80.36

Growth Rates

Chowder Number 8.7
DGR 1Y 5.3%
DGR 3Y 5.6%
DGR 5Y 5.8%
DGR 10Y 6.4%

Total Returns

TTR 1Y - With Specials 14.0%
TTR 3Y - With Specials 13.1%
TTR 1Y - No Specials 14.0%
TTR 3Y - No Specials 13.1%

Fair Value

Fair Value (P/E 10) $58.96
FV (P/E 10) % 32.0%
Fair Value (Peter Lynch) $88.25
FV (Peter Lynch) % -12.0%
Fair Value (Blended) $64.35
FV (Blended) % 21.0%

Financial Metrics

Revenue 1Y 13.6%
NPM 12.4%
CF/Share $7.26
ROE 10.9%
Current R 1.0x
Debt/Capital 67.0%
ROTC 4.2%
P/E 22.0x
P/BV 2.7x
PEG 2.84

Company Info

Symbol CMS
Company CMS Energy Corporation
Sector Utilities
Industry Utilities - Regulated Electric
Website Visit
Market Cap $23,922.1M
📊 Financial data last updated: April 16, 2026 1:51 pm

Calculate your CMS Dividend Returns

Quickly and easily calculate CMS dividend yield using our CMS calculator. Adjust the fields below to see how your CMS investments snowball over time.

Show Idealized Scenario (Assumes all future extra investments and dividends are made on Day 1 and reinvested instantly — this creates a best-case scenario for compounding growth.)

Portfolio Growth Over Time

Data last updated: April 16, 2026 4:57 pm

Year-by-Year Portfolio Growth (Realistic DRIP Scenario)

YearStart BalanceStart SharesShare PriceDividend / ShareDividend YieldYield on CostAnnual DividendTotal DividendsEnd SharesEnd Balance
1$10,000130$77.15$0.572.96%2.96%$321$321149$11,521
2$12,257149$82.08$0.612.95%3.14%$388$709169$13,846
3$14,731169$87.33$0.642.95%3.34%$462$1,171188$16,392
4$17,440188$92.91$0.682.95%3.55%$542$1,713206$19,182
5$20,407206$98.85$0.732.94%3.77%$629$2,342225$22,237
6$23,658225$105.16$0.772.94%4.01%$725$3,068243$25,584
7$27,219243$111.88$0.822.94%4.26%$830$3,898261$29,249
8$31,118261$119.04$0.872.93%4.53%$945$4,843279$33,264
9$35,390279$126.64$0.932.93%4.81%$1,071$5,914297$37,660
10$40,067297$134.74$0.992.93%5.11%$1,208$7,122315$42,475

CMS Dividend History

Ex-Date Payment Date Amount TTM Yield Forward Yield Price on Ex-Date
02/17/202602/17/2026$0.5702.89%3.00%$76.04
11/07/202511/07/2025$0.5432.97%2.97%$73.23
08/08/202508/08/2025$0.5432.92%2.96%$73.48
05/09/202505/09/2025$0.5432.93%3.01%$72.28
02/14/202502/14/2025$0.5433.03%3.16%$68.81
11/13/202411/13/2024$0.5153.04%3.04%$67.69
08/02/202408/02/2024$0.5153.07%3.12%$66.12
05/14/202405/14/2024$0.5153.22%3.30%$62.39
02/09/202402/09/2024$0.5153.53%3.67%$56.08
11/02/202311/02/2023$0.4883.52%3.52%$55.51
08/03/202308/03/2023$0.4883.30%3.35%$58.35
05/04/202305/04/2023$0.4883.09%3.18%$61.29
02/10/202302/10/2023$0.4883.04%3.18%$61.41
11/03/202211/03/2022$0.4603.23%3.23%$56.90
08/04/202208/04/2022$0.4602.65%2.68%$68.61
05/05/202205/05/2022$0.4602.65%2.73%$67.48
02/10/202202/10/2022$0.4602.82%2.94%$62.48
11/04/202111/04/2021$0.4352.90%2.90%$60.02
08/05/202108/05/2021$0.4352.71%2.75%$63.21
05/06/202105/06/2021$0.4352.62%2.70%$64.43
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Invest in CMS with Interactive Brokers

CMS 10-yr Total Return ($10,000 invested)

This analysis of CMS demonstrates the power of dividend reinvestment over a 10-year period with a $10,000 initial investment. The dividend reinvestment strategy delivered a 9.7% CAGR, representing moderate long-term performance. The DRIP strategy provided 20% more total return compared to collecting dividends as cash, highlighting the compounding effect of reinvestment.

With DRIP No DRIP

Total Return with and without DRIP (CMS)

Over the selected period, investing $10,000 in CMS would grow to $34,575 with DRIP (245.8%), and $30,097 without DRIP (201.0%).

CMS Dividend Reinvestment Snowball

Investing $10,000 + $100/mo in CMS with historic price growth (6.39%) and dividend growth (6.28%) produces dramatically different outcomes depending on whether you reinvest dividends.

After 20 Years

Your Investment: $34,000

With DRIP

Portfolio: $128,483

Annual Dividend: $3,718

Yield on Cost: 10.94%

Total Dividends: $29,582

No DRIP

Portfolio: $104,174

Total Dividends: $22,027

After 30 Years

Your Investment: $46,000

With DRIP

Portfolio: $334,656

Annual Dividend: $9,584

Yield on Cost: 20.84%

Total Dividends: $89,789

No DRIP

Portfolio: $225,198

Total Dividends: $55,902

Milestones on the way

By year 13, the compounding really starts to show. Your total dividends collected reach $11,506 against a total investment of $25,600. At this point, your portfolio is throwing off $1,813 per year in dividends alone.

By year 17, the annual dividend climbs to around your initial contribution. For a starting investment of $10,000, the yearly dividend now sits at approximately $2,756, a powerful “income on autopilot” milestone.

After two decades, cumulative dividends total $29,582 versus $34,000 invested, nearly a 87% recovery of capital purely from income. Yield on cost reaches 10.94%.

At year 25, the income engine takes over. The portfolio’s annual dividend of $6,014 is greater than total contributions to date ($40,000), and cumulative dividends exceed $52,711.

By year 30, the DRIP snowball is in full force. Yearly income reaches $9,584, cumulative dividends total $89,789, and the DRIP portfolio value stands at $334,656, compared with $225,198 if dividends weren’t reinvested.

How we estimate these numbers

We use the latest calculator inputs for CMS, price $77.15, dividend per period $0.57 (4x/year), along with historic growth assumptions: price growth 6.39% and dividend growth 6.28% annually.

We simulate month by month for 30 years. Every month, a $100 contribution is added and converted to shares at that month’s price. Dividends are paid roughly evenly across the year based on the dividend frequency; in the DRIP path, each payout immediately buys additional shares at the then-current price. In the No-DRIP path, dividends accrue as cash. Prices grow using a monthly rate derived from the annual price growth. Dividends per share increase once per year at the annual dividend growth rate.

This model isn’t investment advice; it’s a simple, transparent framework that illustrates how reinvesting dividends can accelerate both income and total return over time.

Projected Future Returns & Dividends for CMS

Based on past 10-year performance, here are CMS growth metrics:

Share price CAGR of +6.62%
Dividend CAGR of +6.42%

Using CMS CAGR metrics, we can estimate that your initial $10,000 investment, over the next 10 years, should grow as follows:

CMS (DRIP)CMS (No DRIP)
Current Price$74.62$74.62
Start Shares134.01134.01
Start Value$10,000$10,000
After 10 years:
Final Share Count180.53134.01
Dividends Payment$4.25$4.25
Annual Dividends$745$569
Yield on cost7.45%5.69%
Share Price$141.65$141.65
Total Dividends$5,097$4,372
Final Value$25,573$23,356

Estimated Future Value + Dividends – CMS

Dividend History: Payments & Yield

Shows quarterly dividend payments with trailing yield and a 5-year rolling average overlay. Use the range pills to switch the visible period.

Yield Dividend

Dividend Growth

Lifetime quarterly dividend amounts, with range controls for 1Y/2Y/5Y/10Y. Useful to visualize the cadence and pace of dividend increases over time.

Dividend

Dividend Payments & Yield

Quarterly dividends with TTM yield and a 5‑year rolling average overlay. Helps compare current yield versus recent history across different ranges.

Dividend 5-yr Rolling AVG Yield

CMS Dividend History

Ex-Date Payment Date Amount TTM Yield Forward Yield Price on Ex-Date
02/17/202602/17/2026$0.5702.89%3.00%$76.04
11/07/202511/07/2025$0.5432.97%2.97%$73.23
08/08/202508/08/2025$0.5432.92%2.96%$73.48
05/09/202505/09/2025$0.5432.93%3.01%$72.28
02/14/202502/14/2025$0.5433.03%3.16%$68.81
11/13/202411/13/2024$0.5153.04%3.04%$67.69
08/02/202408/02/2024$0.5153.07%3.12%$66.12
05/14/202405/14/2024$0.5153.22%3.30%$62.39
02/09/202402/09/2024$0.5153.53%3.67%$56.08
11/02/202311/02/2023$0.4883.52%3.52%$55.51
08/03/202308/03/2023$0.4883.30%3.35%$58.35
05/04/202305/04/2023$0.4883.09%3.18%$61.29
02/10/202302/10/2023$0.4883.04%3.18%$61.41
11/03/202211/03/2022$0.4603.23%3.23%$56.90
08/04/202208/04/2022$0.4602.65%2.68%$68.61
05/05/202205/05/2022$0.4602.65%2.73%$67.48
02/10/202202/10/2022$0.4602.82%2.94%$62.48
11/04/202111/04/2021$0.4352.90%2.90%$60.02
08/05/202108/05/2021$0.4352.71%2.75%$63.21
05/06/202105/06/2021$0.4352.62%2.70%$64.43
02/04/202102/04/2021$0.4352.92%3.06%$56.86
11/05/202011/05/2020$0.4082.53%2.53%$64.44
08/06/202008/06/2020$0.4082.60%2.64%$61.75
05/14/202005/14/2020$0.4082.91%3.00%$54.37
02/06/202002/06/2020$0.4082.31%2.42%$67.32
10/31/201910/31/2019$0.3832.40%2.40%$63.92
08/01/201908/01/2019$0.3832.55%2.60%$58.99
05/02/201905/02/2019$0.3832.72%2.81%$54.58
01/31/201901/31/2019$0.3832.79%2.94%$52.14
11/01/201811/01/2018$0.3582.95%2.95%$48.61
08/02/201808/02/2018$0.3582.94%2.99%$47.83
05/03/201805/03/2018$0.3582.97%3.08%$46.47
02/15/201802/15/2018$0.3583.10%3.27%$43.74
11/02/201711/02/2017$0.3332.77%2.77%$48.12
08/02/201708/02/2017$0.3332.81%2.86%$46.64
05/03/201705/03/2017$0.3332.86%2.96%$44.98
02/01/201702/01/2017$0.3333.00%3.16%$42.12
11/02/201611/02/2016$0.3103.03%3.03%$40.87
08/03/201608/03/2016$0.3102.76%2.81%$44.13
05/04/201605/04/2016$0.3102.90%3.00%$41.35
02/03/201602/03/2016$0.3102.99%3.14%$39.44
11/04/201511/04/2015$0.2903.24%3.24%$35.80
08/05/201508/05/2015$0.2903.38%3.44%$33.71
05/06/201505/06/2015$0.2903.38%3.50%$33.16
02/04/201502/04/2015$0.2902.98%3.14%$36.94
11/05/201411/05/2014$0.2703.25%3.25%$33.21
07/30/201407/30/2014$0.2703.62%3.67%$29.41
04/30/201404/30/2014$0.2703.46%3.56%$30.31
02/05/201402/05/2014$0.2703.85%4.02%$26.86
10/30/201310/30/2013$0.2553.72%3.72%$27.44
07/31/201307/31/2013$0.2553.59%3.64%$27.99
05/01/201305/01/2013$0.2553.36%3.46%$29.45
02/06/201302/06/2013$0.2553.80%3.97%$25.67
10/31/201210/31/2012$0.2403.95%3.95%$24.32
08/01/201208/01/2012$0.2403.85%3.97%$24.17
05/02/201205/02/2012$0.2403.98%4.25%$22.61
02/08/201202/08/2012$0.2404.00%4.41%$21.76
11/02/201111/02/2011$0.2104.13%4.13%$20.36
08/03/201108/03/2011$0.2104.49%4.49%$18.71
05/04/201105/04/2011$0.2103.92%4.22%$19.90
02/03/201102/03/2011$0.2103.71%4.33%$19.41
11/03/201011/03/2010$0.2103.61%4.60%$18.26
08/04/201008/04/2010$0.1503.58%3.74%$16.06
05/05/201005/05/2010$0.1503.51%3.82%$15.69
02/04/201002/04/2010$0.1503.53%4.03%$14.89
11/04/200911/04/2009$0.1253.80%3.80%$13.17
08/06/200908/06/2009$0.1253.64%3.92%$12.76
05/06/200905/06/2009$0.1253.57%4.15%$12.05
02/04/200902/04/2009$0.1253.41%4.32%$11.58
11/05/200811/05/2008$0.0903.44%3.44%$10.46
08/06/200808/06/2008$0.0902.40%2.70%$13.32
05/07/200805/07/2008$0.0901.91%2.46%$14.66
02/06/200802/06/2008$0.0901.53%2.30%$15.64
11/07/200711/07/2007$0.0501.24%1.24%$16.17
08/08/200708/08/2007$0.0501.99%1.21%$16.55
05/08/200705/08/2007$0.0502.47%1.07%$18.63
02/05/200702/05/2007$0.0504.55%1.17%$17.04
11/06/200211/06/2002$0.18012.47%8.24%$8.74
08/08/200208/08/2002$0.18013.59%7.68%$9.38
05/03/200205/03/2002$0.3657.21%7.21%$20.25
02/05/200202/05/2002$0.3656.71%6.71%$21.75
11/05/200111/05/2001$0.3656.49%6.49%$22.49
08/03/200108/03/2001$0.3655.80%5.80%$25.19
05/03/200105/03/2001$0.3655.01%5.01%$29.13
02/05/200102/05/2001$0.3654.91%4.91%$29.74
10/31/200010/31/2000$0.3655.41%5.41%$27.00
08/08/200008/08/2000$0.3655.52%5.52%$26.44
04/28/200004/28/2000$0.3657.68%7.68%$19.00
02/04/200002/04/2000$0.3657.17%7.17%$20.38
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Dividend Payout Ratio

Tracks the percentage of earnings paid out as dividends each quarter. Lower and stable ratios often indicate safer, more sustainable payouts.

Payout Ratio

Dividend to Free Cash Flow Ratio

Shows dividends as a percentage of free cash flow. Consistently high values may signal limited reinvestment capacity or potential dividend risk.

Dividend/FCF Ratio

Share Price

Historical closing price with range controls. Table view includes quarter‑over‑quarter and year‑over‑year changes for additional context.

CMS Price

Price to Earnings

CMS trades at a 81.2x price-to-earnings ratio. This elevated valuation suggests investors expect strong future growth.

Price to Sales

CMS trades at a 10.4x price-to-sales ratio, providing insight into market valuation relative to revenue generation.

Revenue

CMS generated $2.2B in revenue.

Net Income

CMS reported $0.3B in net income. Net income has grown by 38% over the period.

Revenue vs Net Income

CMS generated $2.2B in revenue with net income of $0.3B, representing a 12.8% net profit margin.

Gross Profit

CMS achieved $1.8B in gross profit, showing revenue after direct production costs.

Operating Income

CMS generated $0.8B in operating income, representing profit from core business operations.

EBITDA

CMS generated $0.9B in EBITDA, measuring operational profitability before interest, taxes, depreciation, and amortization.

Operating Cash Flow

CMS generated $0.3B in operating cash flow, demonstrating the company’s ability to convert earnings into cash.

Free Cash Flow

CMS generated $0.3B in free cash flow. Free cash flow has increased by 54% over the period.

Free Cash Flow / Share

CMS generates $0.81 in free cash flow per share. FCF per share has grown by 54% over the period.

Earnings Per Share (EPS)

CMS reported $0.93 in earnings per share. EPS has grown by 38% over the period.

Return on Equity (ROE)

CMS delivered a 10.7% return on equity, indicating how effectively the company generates returns for shareholders.

Return on Assets (ROA)

CMS achieved a 6.4% return on assets, measuring how efficiently the company uses its assets to generate profit.

Net Profit Margin

CMS maintains a 12.8% net profit margin, showing the percentage of revenue retained as profit after all expenses.

Gross Profit Margin

CMS operates with a 79.9% gross profit margin, reflecting pricing power and cost efficiency in core operations.

Cash & Debt

CMS holds $0.3B in cash against $0.1B in debt, resulting in a net cash position of $0.2B.

Shares Outstanding

CMS has 0.3B shares outstanding.

Stock-Based Comp

CMS reported $0.1B in stock-based compensation.

FCF vs Stock Based Comp

CMS generated $0.3B in free cash flow while spending $0.1B on stock-based compensation, representing 22% of FCF.

FCF vs FCF / Share

CMS reported $0.3B in free cash flow, translating to $0.81 per share.

Revenue: Actual + Estimates

This chart tracks CMS revenue: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

EPS: Actual + Estimates

This chart tracks CMS eps: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

Net Income: Actual + Estimates

This chart tracks CMS net income: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

EBITDA: Actual + Estimates

This chart tracks CMS ebitda: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

About CMS Energy Corporation

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distributi

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Disclaimer: The information on this page is for educational and entertainment purposes only and does not constitute financial advice. Do your own research and consult a qualified financial advisor before making investment decisions. Data sources include Yahoo Finance and other third-party providers and may contain errors or delays.

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