Shares of CMS Energy Corp’s 4.20% Cumulative Redeemable Preferred Stock, Series C (CMS.PRC) were yielding above 6% based on its quarterly dividend of $1.05. The stock traded as low as $17.33 on Monday, representing a 29.48% discount to its liquidation preference amount. In trading, CMS.PRC was down 0.7%, while the common shares (CMS) remained flat. The average yield for “Utilities” preferred stocks is 6.97%, with CMS.PRC trading at a 22.14% discount on average. For more information on high-yielding preferred stocks, visit Preferred Stock Channel.

Read more at Nasdaq: CMS Energy’s Preferred Stock, Series C Crosses Above 6% Yield Territory