NEW YORK ( TheStreet) -- The ex-dividend date for CMS Energy Corporation (NYSE: CMS) is tomorrow, August 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $19.24 as of 9:31 a.m. ET, the dividend yield is 4.4%.

The average volume for CMS Energy has been 2.3 million shares per day over the past 30 days. CMS Energy has a market cap of $4.8 billion and is part of the utilities sector and utilities industry. Shares are up 4.6% year to date as of the close of trading on Monday.

CMS Energy Corporation, through its subsidiaries, operates as an energy company primarily in Michigan. It operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity. The company has a P/E ratio of 12, below the average utilities industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates CMS Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full CMS Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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