CMS Energy's Preferred Stock, Series C Shares Cross 5.5% Yield Mark

Published 2 weeks ago Neutral
CMS Energy's Preferred Stock, Series C Shares Cross 5.5% Yield Mark
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In trading on Wednesday, shares of CMS Energy Corp's 4.20% Cumulative Redeemable Preferred Stock, Series C (Symbol: CMS.PRC) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.05), with shares changing hands as low as $18.96 on the day. This compares to an average yield of 6.31% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, CMS.PRC was trading at a 23.40% discount to its liquidation preference amount, versus the average discount of 15.92% in the "Utilities" category.

The chart below shows the one year performance of CMS.PRC shares, versus CMS:

Below is a dividend history chart for CMS.PRC, showing historical dividend payments on CMS Energy Corp's 4.20% Cumulative Redeemable Preferred Stock, Series C:

In Wednesday trading, CMS Energy Corp's 4.20% Cumulative Redeemable Preferred Stock, Series C (Symbol: CMS.PRC) is currently down about 0.7% on the day, while the common shares (Symbol: CMS) are up about 2%.

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• EDRY YTD Return


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