NEW YORK ( TheStreet) -- The ex-dividend date for CMS Energy (NYSE: CMS) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $21.80 as of 9:30 a.m. ET, the dividend yield is 4.4%.

The average volume for CMS Energy has been 2.4 million shares per day over the past 30 days. CMS Energy has a market cap of $5.45 billion and is part of the utilities sector and utilities industry. Shares are down 1.3% 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. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The company has a P/E ratio of 14.5, above the average utilities industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CMS Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full CMS Energy Ratings Report.

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