PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.
PNM Resources Dividend Announcement
• PNM Resources announced a quarterly dividend of $0.39 per ordinary share which will be made payable on 2024-08-09. Ex dividend date: 2024-07-26
• PNM Resources annual dividend for 2024 was $1.16
• PNM Resources annual dividend for 2023 was $1.47
• PNM Resources's trailing twelve-month (TTM) dividend yield is 2.78%
• PNM Resources's payout ratio for the trailing twelve months (TTM) is 160.35%
• PNM Resources's dividend growth over the last five years (2018-2023) was 6.77% year
• PNM Resources's dividend growth over the last ten years (2013-2023) was 8.67% year
PNM Resources Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-07-26 | $0.39 | quarterly | 2024-08-09 |
| 2024-04-25 | $0.39 | quarterly | 2024-05-10 |
| 2024-02-01 | $0.39 | quarterly | 2024-02-16 |
| 2023-10-26 | $0.37 | quarterly | 2023-11-10 |
| 2023-08-10 | $0.37 | quarterly | 2023-08-25 |
| 2023-04-27 | $0.37 | quarterly | 2023-05-12 |
| 2023-02-02 | $0.37 | quarterly | 2023-02-17 |
| 2022-10-26 | $0.35 | quarterly | 2022-11-10 |
| 2022-08-16 | $0.35 | quarterly | 2022-08-31 |
| 2022-04-28 | $0.35 | quarterly | 2022-05-13 |
| 2022-02-11 | $0.35 | quarterly | 2022-02-24 |
| 2021-10-29 | $0.33 | quarterly | 2021-11-12 |
| 2021-08-05 | $0.33 | quarterly | 2021-08-13 |
| 2021-04-29 | $0.33 | quarterly | 2021-05-14 |
| 2021-02-02 | $0.33 | quarterly | 2021-02-16 |
| 2020-10-30 | $0.31 | quarterly | 2020-11-13 |
| 2020-08-06 | $0.31 | quarterly | 2020-08-14 |
| 2020-04-30 | $0.31 | quarterly | 2020-05-15 |
| 2020-01-31 | $0.31 | quarterly | 2020-02-14 |
| 2019-10-31 | $0.29 | quarterly | 2019-11-15 |
| 2019-08-05 | $0.29 | quarterly | 2019-08-16 |
| 2019-05-01 | $0.29 | quarterly | 2019-05-16 |
| 2019-01-31 | $0.29 | quarterly | 2019-02-15 |
| 2018-11-01 | $0.27 | quarterly | 2018-11-16 |
| 2018-08-03 | $0.27 | quarterly | 2018-08-17 |
| 2018-05-01 | $0.27 | quarterly | 2018-05-16 |
| 2018-01-17 | $0.27 | quarterly | 2018-02-01 |
| 2017-10-27 | $0.24 | quarterly | 2017-11-14 |
| 2017-08-03 | $0.24 | quarterly | 2017-08-14 |
| 2017-04-27 | $0.24 | quarterly | 2017-05-15 |
| 2017-01-19 | $0.24 | quarterly | 2017-02-13 |
| 2016-10-27 | $0.22 | quarterly | 2016-11-14 |
| 2016-08-04 | $0.22 | quarterly | 2016-08-22 |
| 2016-04-06 | $0.22 | quarterly | 2016-05-13 |
| 2016-01-21 | $0.22 | quarterly | 2016-02-12 |
| 2015-10-29 | $0.20 | quarterly | 2015-11-13 |
| 2015-07-30 | $0.20 | quarterly | 2015-08-14 |
| 2015-04-08 | $0.20 | quarterly | 2015-05-15 |
| 2015-01-26 | $0.20 | quarterly | 2015-02-13 |
| 2014-10-29 | $0.18 | quarterly | 2014-11-14 |
| 2014-07-30 | $0.18 | quarterly | 2014-08-15 |
| 2014-04-15 | $0.18 | quarterly | 2014-05-15 |
| 2014-01-21 | $0.18 | quarterly | 2014-02-14 |
| 2013-11-04 | $0.17 | quarterly | 2013-11-15 |
| 2013-07-31 | $0.17 | quarterly | 2013-08-15 |
| 2013-04-17 | $0.17 | quarterly | 2013-05-15 |
| 2013-01-17 | $0.14 | quarterly | 2013-02-15 |
PNM Resources Dividend per year
PNM Resources Dividend growth
PNM Resources Dividend Yield
PNM Resources current trailing twelve-month (TTM) dividend yield is 2.78%. Interested in purchasing PNM Resources stock? Use our calculator to estimate your expected dividend yield:
PNM Resources Financial Ratios
P/E ratio45.40
PEG ratio-0.93
P/B ratio1.57
ROE3.55%
Payout ratio160.35%
Current ratio0.47
Quick ratio0.37
Cash Ratio0.00
PNM Resources Dividend FAQ
How much is the next PNM Resources dividend?
PNM Resources's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next PNM Resources dividend. The next PNM Resources dividend will be released in February, April, August, or October.
When is PNM Resources dividend paid?
PNM Resources pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, April, August, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does PNM Resources pay?
The specific amount of PNM Resources dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find PNM Resources's dividend history.
Does PNM Resources stock pay dividends?
Yes, PNM Resources does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find PNM Resources's dividend history.
How much dividend does PNM Resources pay?
PNM Resources paid $1.162 in 2024, $1.47 in 2023, $1.388 in 2022, $1.309 in 2021, and $1.23 in 2020.
How often does PNM Resources pay dividends?
PNM Resources typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, April, August, and October.
What is PNM Resources's dividend yield?
The current dividend yield for PNM Resources is 2.78%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate PNM Resources's exact dividend yield.
When does PNM Resources go ex dividend?
PNM Resources's ex-dividend date for the latest dividend was on 2024-07-26. PNM Resources typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next PNM Resources dividend paid?
PNM Resources pays dividends on a quarterly basis, typically around February, April, August, or October, but the exact dates can vary each year.
Will PNM Resources increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether PNM Resources will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is PNM Resources dividend per share?
PNM Resources paid $1.162 per share in 2024 and $1.47 per share in 2023. The amount of dividend per share that PNM Resources pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is PNM Resources a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is PNM Resources a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is PNM Resources a dividend stock?
Yes, PNM Resources is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is PNM Resources a good dividend stock?
Whether PNM Resources is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. PNM Resources has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating PNM Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating PNM Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does PNM Resources pay dividends monthly?
PNM Resources typically pays dividends on a quarterly basis.
Does PNM Resources pay dividends quarterly?
PNM Resources currently pays dividends on a quarterly basis.
Has PNM Resources ever paid a dividend?
Yes, PNM Resources has a history of paying dividends to its shareholders. PNM Resources is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy PNM Resources dividend stocks?
To buy PNM Resources you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy PNM Resources stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy PNM Resources stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does PNM Resources pay dividends 2024?
PNM Resources pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-09. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will PNM Resources increase its dividend in 2024?
Decisions regarding PNM Resources dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date PNM Resources dividend overview you can look into the above table of dividend history.
How PNM Resources dividend works?
The PNM Resources dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how PNM Resources's dividend process works:
1. Determination of Dividend: PNM Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, PNM Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, PNM Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from PNM Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: PNM Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, PNM Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, PNM Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from PNM Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are PNM Resources dividends paid?
PNM Resources dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: PNM Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, PNM Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: PNM Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: PNM Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, PNM Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: PNM Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does PNM Resources pay dividends?
PNM Resources typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does PNM Resources pay dividends?
The general pattern is that PNM Resources pays dividends around February, April, August, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is PNM Resources dividend safe?
The safety of PNM Resources's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of PNM Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review PNM Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of PNM Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review PNM Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.