CMS Energy's Preferred Stock, Series C Yield Pushes Past 5%
ETF Channel Staff - Tuesday, March 26, 2:14 PMIn trading on Tuesday, shares of CMS Energy Corp's 4.20% Cumulative Redeemable Preferred Stock, Series C (CMS.PRC) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.05), with shares changing hands as low as $20.88 on the day. This compares to an average yield of 6.42% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, CMS.PRC was trading at a 15.36% discount to its liquidation preference amount, versus the average discount of 16.41% 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:
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In Tuesday trading, CMS Energy Corp's 4.20% Cumulative Redeemable Preferred Stock, Series C (CMS.PRC) is currently down about 0.7% on the day, while the common shares (CMS) are off about 0.6%.