The Bottom Line Shares of CMS Energy (CMS) have a dividend yield of 3.65% based on last night's closing price of $27.98 and the company's annualized dividend payout of $1.02 per share. CMS Energy Corporation (CMS) is not recommended at this time, holding a Dividend.com DARSâ¢ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.