CMS Energy Corp. (CMS) announced that its Board of Directors increased the quarterly dividend on the company's common stock by 20%, to 15 cents per share, up from 12.5 cents per share.
The first quarter dividend for the common stock is payable Feb. 26, 2010 to shareholders of record on Feb. 8, 2010.
David Joos, CMS Energy's president and chief executive officer, said the Board's decision to increase the dividend for the third consecutive year was based on the company's improving financial strength and the fundamental soundness of its business strategy.
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