CMS-C CMS Energy Corporation ADRs of 4.200% Cumulative Redeemable Preferred, Series C

We will pay cash dividends on the Series C Preferred Stock when, as and if declared by our board of directors, or a duly authorized committee of our board of directors, out of funds legally available for payment, at the rate per annum of 4.200% on the $25,000 liquidation preference per share of Series C Preferred Stock. Declared dividends on the Series C Preferred Stock will be payable in arrears on January 15, April 15, July 15 and October 15 of each year, commencing on October 15, 2021. We may, at our option, redeem the Series C Preferred Stock in whole or in part, from time to time, on or after July 15, 2026, at a redemption price in cash equal to $25,000 per share of Series C Preferred Stock (equivalent to $25.00 per depositary share).  This security was issued by CMS Energy Corp, whose common stock symbol is CMS.

$20.05  +0.47 (2.40%)
As of 03/27/2023 11:43:19 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Utilities
Industry:  Utilities—Regulated Electric
Index country:  USA
Country of incorporation:  USA
IPO date:  07/09/2021
Outstanding shares:  9,200,000
Average volume:  15,751
Market cap:   $182,068,000
Current dividend yield:  5.31%    calculation
Coupon rate:    4.200%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   07/15/2026
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BLNB396