PNM Resources Inc (NYSE:PNM) announced a quarterly dividend on Tuesday, December 10th, Wall Street Journal reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.3075 per share by the utilities provider on Friday, February 14th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from PNM Resources’s previous quarterly dividend of $0.29.
Shares of NYSE:PNM opened at $49.28 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 1.48. PNM Resources has a fifty-two week low of $39.51 and a fifty-two week high of $52.98. The firm has a 50-day simple moving average of $49.35 and a 200 day simple moving average of $50.18. The company has a market cap of $3.88 billion, a PE ratio of 24.76, a P/E/G ratio of 4.16 and a beta of 0.15.
PNM Resources (NYSE:PNM) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. PNM Resources had a negative net margin of 0.64% and a positive return on equity of 9.18%. The business had revenue of $433.59 million during the quarter, compared to the consensus estimate of $562.33 million. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, research analysts forecast that PNM Resources will post 2.1 EPS for the current fiscal year.
About PNM Resources
PNM Resources, Inc, through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved in the generation, transmission, and distribution of electricity.
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