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CMS ENERGY INCREASES COMMON DIVIDEND BY 50 PERCENT

 DEARBORN, Mich., May 28 /PRNewswire/ -- CMS Energy Corporation (NYSE: CMS) announced today that its board of directors has approved a 50 percent increase in its common stock dividend raising the annual rate to $0.72 per share from the current rate of $0.48 per share. The increase will be effective with the next quarterly dividend payment in August 1993.
 CMS Energy's Chairman and CEO, William T. McCormick Jr., said that "the increase reflects the positive impact of the Michigan Public Service Commission's approval of the MCV settlement and the favorable outlook for earnings in 1993 and beyond." CMS Energy reported in April first quarter 1993 earnings of $72 million or $0.90 per share, up 41 percent over first quarter 1992 earnings.
 McCormick also said "that the rate of future dividend growth should be substantially greater than the average of the utility industry due to the relatively low dividend payout even with the announced increase and the expected growth in future CMS Energy earnings from both its utility and non-utility energy businesses."
 CMS Energy Corporation is a $3 billion (sales) diversified energy company with businesses engaged in the distribution of electricity and natural gas, interstate storage and transmission of natural gas, oil and gas exploration and production, independent power generation and utility services. CMS Energy Corporation's principal subsidiary is Consumers Power Company, Michigan's largest utility and the nation's fourth largest gas and electric utility.
 -0- 5/28/93
 /CONTACT: Michael Brogan of CMS Energy Corporation, 313-436-9253/
 (CMS)


CO: CMS Energy Corporation ST: Michigan IN: UTI OIL SU: DIV

KR-DC -- DE004 -- 3285 05/28/93 09:11 EDT
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Publication:PR Newswire
Date:May 28, 1993
Words:268
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