Public Service Company of New Mexico is an electric utility company. It provides electric generation, transmission, and distribution services to its rate-regulated customers. In addition, it is also involved in the provision of transmission services to third parties; and the generation and sale of electricity into the wholesale market. Geographically, it operates through the region of Mexico and it provides retail electric service to customers in north-central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, and certain areas of southern New Mexico.
Public Service of New Mexico Dividend Announcement
• Public Service of New Mexico announced a quarterly dividend of $1.15 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-30
• Public Service of New Mexico annual dividend for 2024 was $3.44
• Public Service of New Mexico annual dividend for 2023 was $4.58
• Public Service of New Mexico's trailing twelve-month (TTM) dividend yield is 5.59%
• Public Service of New Mexico's payout ratio for the trailing twelve months (TTM) is 0.43%
• Public Service of New Mexico's dividend growth over the last five years (2018-2023) was -4.36% year
Public Service of New Mexico Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $1.15 | quarterly | 2024-10-15 |
2024-06-28 | $1.15 | quarterly | 2024-07-15 |
2024-03-27 | $1.15 | quarterly | 2024-04-15 |
2023-12-28 | $1.15 | quarterly | 2024-01-15 |
2023-09-28 | $1.15 | quarterly | 2023-10-15 |
2023-06-29 | $1.15 | quarterly | 2023-07-15 |
2023-03-30 | $1.15 | quarterly | 2023-04-15 |
2022-12-29 | $1.15 | quarterly | 2023-01-15 |
2022-09-29 | $1.15 | quarterly | 2022-10-15 |
2022-06-30 | $1.15 | quarterly | 2022-07-15 |
2022-03-31 | $1.15 | quarterly | 2022-04-15 |
2021-12-23 | $1.15 | quarterly | 2022-01-14 |
2021-09-30 | $1.15 | quarterly | 2021-10-15 |
2021-06-30 | $1.15 | quarterly | 2021-07-15 |
2021-03-31 | $1.15 | quarterly | 2021-04-15 |
2020-12-24 | $1.15 | quarterly | 2021-01-16 |
2020-09-30 | $1.15 | quarterly | 2020-10-15 |
2020-06-30 | $1.15 | quarterly | 2020-07-15 |
2020-04-02 | $1.15 | quarterly | 2020-04-15 |
2019-12-27 | $1.15 | quarterly | 2020-01-15 |
2019-09-30 | $1.15 | quarterly | 2019-10-15 |
2019-06-28 | $1.15 | quarterly | 2019-07-15 |
2019-04-03 | $1.15 | quarterly | 2019-04-15 |
2018-12-28 | $1.15 | quarterly | 2019-01-15 |
2018-09-28 | $1.15 | quarterly | 2018-10-15 |
2018-06-29 | $1.15 | quarterly | 2018-07-15 |
2018-03-29 | $1.15 | quarterly | 2018-04-15 |
2018-01-02 | $1.15 | quarterly | 2018-01-15 |
2017-09-29 | $1.15 | quarterly | 2017-10-15 |
2017-06-28 | $1.15 | quarterly | 2017-07-15 |
2017-03-29 | $1.15 | quarterly | 2017-04-15 |
2016-12-28 | $1.15 | quarterly | |
2016-09-29 | $1.15 | quarterly | |
2016-06-29 | $1.15 | quarterly | |
2016-03-30 | $1.15 | quarterly | |
2015-12-30 | $1.15 | quarterly | |
2015-09-29 | $1.15 | quarterly | |
2015-06-29 | $1.15 | quarterly | |
2015-03-30 | $1.15 | quarterly | |
2014-12-30 | $1.15 | quarterly | |
2014-09-29 | $1.15 | quarterly | |
2014-06-27 | $1.15 | quarterly | |
2014-03-28 | $1.15 | quarterly | |
2013-12-30 | $1.15 | quarterly | |
2013-09-27 | $1.15 | quarterly | |
2013-06-27 | $1.15 | quarterly | |
2013-03-27 | $1.15 | quarterly |
Public Service of New Mexico Dividend per year
Public Service of New Mexico Dividend growth
Public Service of New Mexico Dividend Yield
Public Service of New Mexico current trailing twelve-month (TTM) dividend yield is 5.59%. Interested in purchasing Public Service of New Mexico stock? Use our calculator to estimate your expected dividend yield:
Public Service of New Mexico Financial Ratios
Public Service of New Mexico Dividend FAQ
Other factors to consider when evaluating Public Service of New Mexico 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.
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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.
1. Determination of Dividend: Public Service of New Mexico'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, Public Service of New Mexico 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, Public Service of New Mexico 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 Public Service of New Mexico 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. Record Date: Public Service of New Mexico 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, Public Service of New Mexico distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Public Service of New Mexico 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.
To assess the safety of Public Service of New Mexico'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 Public Service of New Mexico'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.