CMS Energy Corporation

CMS
Utilities
$76.19
2.92%Overvalued

CMS Energy Corporation (CMS) is a Utilities company that currently yields 2.92% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $58.64 and the overvaluation threshold at $75.45. CMS Energy Corporation holds a quality score of 52/100 (Average), reflecting 14 consecutive years of dividend growth with a 61% payout ratio. The 5-year dividend CAGR stands at 5.9%.

CMS Dividend Yield History — Weiss Valuation

Underval. $58.64Overval. $75.45

Distance to undervalued

Entry price is stretched

Needs 23.0% downside to reach the Weiss buy zone

Undervaluation starts near $58.64, where the annual dividend would imply roughly 3.80% yield. That is 0.87% above today's yield.

Buy-zone price

$58.64

Target yield

3.80%

Research checklist

What to clear before buying the yield

Updated Jul 9, 2026

Dividend durability

14Y

Long dividend history supports a deeper look.

Earnings payout

61%

Earnings coverage leaves room for noise.

Cash payout

N/A

Confirm cash conversion and one-off effects.

Dividend growth

5.9%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-07-082026-07-09

Price

-1.1%

$77.02 $76.19

Price fell 1.1% since the prior snapshot.

Why Now?

CMS Energy Corporation is trading near its historical overvaluation band.

Current yield 2.9% vs historical max 5.7% (51% of maximum).

14 consecutive years without a dividend cut.

Reasonable payout ratio of 61%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 52/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

CMS Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$309

Year 10 Income

$733

Yield on Cost

7.71%

Total Income

$4,884

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

See what CMS dividends you actually received with Sharesight

Dividend income log · Yield on cost · DRIP cost basis · Tax reports

More research

Full price history & technical analysis

TradingView ↗

Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

Track dividends received & tax reports

Sharesight ↗

CMS Dividend Quality Score

Quality Score

52/ 100

Average

Payout Ratio12/25
Dividend Streak20/25
Growth (CAGR 5Y)15/20
Yield vs History5/15
FCF Coverage0/15

Key Metrics

Current Price$76.19
Annual Dividend$2.23
Current Yield2.92%
Yield — Max (10Y)5.69%
Yield — Min (10Y)2.99%
Undervalued Below$58.64
Overvalued Above$75.45
Payout Ratio60.79%
CAGR Dividend 5Y5.9%
CAGR Dividend 10Y6.5%
Years No Cut14y

Invest in CMS

Buy CMS Energy Corporation commission-free on eToro

Start investing on eToro →
No commission€50 minimumCopy trading

DividendVisual may earn a commission if you open an account via this link, at no cost to you. Capital at risk. Not financial advice.

14
consecutive years of dividend growth