NEW YORK ( TheStreet) -- The ex-dividend date for CMS Energy (NYSE: CMS) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $23.27 as of 12:55 p.m. ET, the dividend yield is 4.2%.

The average volume for CMS Energy has been 2.7 million shares per day over the past 30 days. CMS Energy has a market cap of $5.97 billion and is part of the utilities sector and utilities industry. Shares are up 4.1% 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 17.6, above the average utilities industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CMS Energy as a buy. Among the primary strengths of the company is its solid stock price performance. 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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