CMS Energy (FRA:CSG) Dividend Payout Ratio: 0.51 (As of Mar. 2026) — 18% Below Median


FRA:CSG CMS Energy Corp FRA:CSG
75 GF Score
Price €67.28
GF Value €64.93
Valuation Fairly Valued
! 11 Warning Signs
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What is CMS Energy Dividend Payout Ratio?

CMS Energy FRA:CSG -0.56% 75 Dividend Payout Ratio is 0.51 as of Mar. 2026, which is 18% below its 10-year median of 0.62. GuruFocus rates FRA:CSG with a GF Score™ of 75/100 and a GF Value™ of €64.93 (Fairly Valued). The stock has 11 warning signs investors should review. Among 373 Utilities - Regulated companies, CMS Energy ranks worse than 58.18% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. CMS Energy's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.51.

The historical rank and industry rank for CMS Energy's Dividend Payout Ratio or its related term are showing as below:

FRA:CSG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.62   Max: 0.7
Current: 0.59

During the past 13 years, the highest Dividend Payout Ratio of CMS Energy was 0.70. The lowest was 0.59. And the median was 0.62.

FRA:CSG's Dividend Payout Ratio is ranked worse than
58.18% of 373 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs FRA:CSG: 0.59

As of today (2026-06-27), the Dividend Yield % of CMS Energy is 2.83%.

During the past 13 years, the highest Trailing Annual Dividend Yield of CMS Energy was 3.64%. The lowest was 2.24%. And the median was 2.84%.

CMS Energy's Dividends per Share for the months ended in Mar. 2026 was €0.49.

During the past 12 months, CMS Energy's average Dividends Per Share Growth Rate was 5.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CMS Energy was 68.70% per year. The lowest was -7.80% per year. And the median was 8.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

CMS Energy (FRA:CSG) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

CMS Energy Dividend Payout Ratio Related Terms

CMS Energy Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for CMS Energy's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CMS Energy Dividend Payout Ratio Chart

CMS Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.64 0.63 0.70 0.60

CMS Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.76 0.58 0.57 0.51

FRA:CSG vs ES, EVRG, LNT: Dividend Payout Ratio Comparison

For the Utilities - Regulated Electric subindustry, CMS Energy's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CMS Energy Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CMS Energy's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where CMS Energy's Dividend Payout Ratio falls into.


FRA:CSG
75GF Score
CMS Energy Corp FRA:CSG
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CMS Energy Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

CMS Energy's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.853/ 3.083
=0.60

CMS Energy's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.493/ 0.977
=0.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.51 mean?
CMS Energy (FRA:CSG) has a Dividend Payout Ratio of 0.51 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on CMS Energy and its competitors. This is 18% below median its historical median of 0.62. Over the past decade, CMS Energy's Dividend Payout Ratio has ranged from 0.59 to 0.70. According to the industry distribution chart, CMS Energy ranks #217 out of 373 companies in the Utilities - Regulated industry, placing it in the top 58.2%.
Is CMS Energy's Dividend Payout Ratio too high?
CMS Energy's current Dividend Payout Ratio of 0.51 is 18% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 0.70. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. CMS Energy's value of 0.51 is 5.6% below this industry median. Based on the distribution chart, CMS Energy ranks #217 out of 373 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, CMS Energy has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Dividend Payout Ratio compare to ES and EVRG?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #217 out of 373 companies for Dividend Payout Ratio. This places CMS Energy in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. CMS Energy's value of 0.51 is 5.6% below this benchmark. Historically, CMS Energy's own Dividend Payout Ratio has ranged from 0.59 to 0.70 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.54, CMS Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 373 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMS Energy's current Dividend Payout Ratio of 0.51 is 5.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on CMS Energy and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current Dividend Payout Ratio is 0.51, which is 18% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMS Energy stock overvalued right now?
Based on GuruFocus' analysis, CMS Energy (FRA:CSG) is currently considered Fairly Valued. The stock's GF Value™ is €64.93, compared to a current price of €67.28 — trading 3.6% above its estimated fair value. The current Dividend Payout Ratio is 0.51, which is 18% below median its 10-year median of 0.62 and 5.6% below the Utilities - Regulated industry median of 0.54. CMS Energy's overall GF Score™ is 75/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For CMS Energy (FRA:CSG), the current Dividend Payout Ratio is 0.51 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CMS Energy (FRA:CSG) Overvalued in 2026?

Based on GuruFocus' analysis, CMS Energy stock appears to be overvalued. The current stock price of €67.28 is trading 3.6% above its estimated GF Value™ of €64.93. GuruFocus considers CMS Energy to be Fairly Valued.

Key valuation signals for FRA:CSG:

  • Dividend Payout Ratio: 0.51 (18% below median its 10-year median of 0.62)
  • GF Value™: €64.93 vs. price of €67.28 (3.6% above fair value)
  • GF Score™: 75/100 with 11 warning signs
  • Industry Position: 5.6% below the Utilities - Regulated median (#217 of 373)

No single metric tells the full story. See the FRA:CSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CMS Energy Business Description

Address One Energy Plaza, Jackson, MI, USA, 49201
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
75GF Score

Get the complete analysis for FRA:CSG

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€67.28
Price
€64.93
GF Value