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CMS Energy Corp | $4.50 Series Cumulative Preferred Stock (CMS.PRB)
Prospectus excerpt: Consumers Energy Co., $4.50 Series Cumulative Preferred Stock, par value $100 per share, redeemable any time at the company's option at $110.00 per share plus accrued and unpaid dividends, and with no mandatory redemption. Distributions of $4.50 (4.50%) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Consumers Energy Co. is a subsidary of CMS Energy Corp. (NYSE: CMS). , Secondary Prospectus PDF », CMS Page »
| Alternate symbology: | CMS-B, CMS-PB, CMSprB | | Redeemable?: | Yes | | Call Date: | 4/28/2023 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | Yes | | Liquidation Preference: | $100.00 | | Recent Market Price: | $79.90 | Discount to Liquidation Preference:
(More Preferreds Trading at a Discount ») | $-20.10 (-20.10%) | | Annualized Dividend: | 4.5 | | Recent Ex-Date: | 3/1/2024 | | Current Yield: | 5.63% | | Original Coupon: | 4.50% | | Pay Period: | Quarterly | | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct | | CDx3 Compliance Rating: |
Learn CMS.PRB's Rating
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CMS Energy is a holding company. Through its subsidiaries, Co. is an energy company. Co.'s subsidiaries include Consumers Energy Company, which is an electric and gas utility; and CMS Enterprises Company, which is a power producer and marketer. Co.'s segments are: electric utility, which includes the generation, purchase, distribution, and sale of electricity; gas utility, which includes the purchase, transmission, storage, distribution, and sale of natural gas; and enterprises, its non-utility operations and investments, which engages in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production. Preferreds: CMS.PRB, CMS.PRA, CMS.PRC
Open the CMS Information Page »
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| Name: |
CMS Energy Corp |
| Website: |
www.cmsenergy.com |
| Sector: |
Electric Utilities |
| Number of ETFs Holding CMS: |
104 (see which ones) |
| Total Market Value Held by ETFs: |
$3,469,452,826.53 |
| Total Market Capitalization: |
$17,112,000,000 |
| % of Market Cap. Held by ETFs: |
20.27% |
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