Pnm Resources's most recent quarterly dividend payment of $0.368 per share was made to shareholders on record before Apr 27, 2023. The payout stands at $1.43 per share annually, which works out to a dividend yield of 3.17%.
Pnm Resources's dividend yield of 3.17% is lower than the Utilities sector, the industry and its peers average. But if we consider the Utilities sector average of 3.33%, Pnm Resources's dividend yield is only 4.8% lower. Historically PNM's dividend yield has averaged at 2.7% in the last 5 years, which is less than the current one.
Pnm Resources has been paying dividends for the last 27 years. According to our data PNM has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 6% for the last year. And since the stock price has gone down by 4.9% from a year ago, the dividend yield has increased by 11%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 27, 2023 | May 12, 2023 | Feb 28, 2023 | $0.368 | normal |
| Feb 2, 2023 | Feb 17, 2023 | Dec 2, 2022 | $0.368 | normal |
| Oct 26, 2022 | Nov 10, 2022 | Sep 16, 2022 | $0.348 | normal |
| Aug 16, 2022 | Aug 31, 2022 | Aug 5, 2022 | $0.348 | normal |
| Apr 28, 2022 | May 13, 2022 | Mar 1, 2022 | $0.348 | normal |
| Feb 11, 2022 | Feb 24, 2022 | Feb 3, 2022 | $0.348 | normal |
| Oct 29, 2021 | Nov 12, 2021 | Sep 21, 2021 | $0.328 | normal |
| Aug 5, 2021 | Aug 13, 2021 | Jul 27, 2021 | $0.328 | normal |
| Apr 29, 2021 | May 14, 2021 | Mar 5, 2021 | $0.328 | normal |
| Feb 2, 2021 | Feb 16, 2021 | Dec 4, 2020 | $0.328 | normal |
| Oct 30, 2020 | Nov 13, 2020 | Sep 22, 2020 | $0.308 | normal |
| Aug 6, 2020 | Aug 14, 2020 | Jul 28, 2020 | $0.308 | normal |
| Apr 30, 2020 | May 15, 2020 | Feb 21, 2020 | $0.308 | normal |
| Jan 31, 2020 | Feb 14, 2020 | Dec 6, 2019 | $0.308 | normal |
| Oct 31, 2019 | Nov 15, 2019 | Sep 24, 2019 | $0.29 | normal |
| Aug 5, 2019 | Aug 16, 2019 | Jul 23, 2019 | $0.29 | normal |
| May 1, 2019 | May 16, 2019 | Feb 22, 2019 | $0.29 | normal |
| Jan 31, 2019 | Feb 15, 2019 | Dec 6, 2018 | $0.29 | normal |
| Nov 1, 2018 | Nov 16, 2018 | Sep 19, 2018 | $0.265 | normal |
| Aug 3, 2018 | Aug 17, 2018 | Jul 27, 2018 | $0.265 | normal |
| May 1, 2018 | May 16, 2018 | Feb 23, 2018 | $0.265 | normal |
| Jan 17, 2018 | Feb 1, 2018 | Dec 1, 2017 | $0.265 | normal |
| Oct 27, 2017 | Nov 14, 2017 | Sep 19, 2017 | $0.243 | normal |
| Aug 3, 2017 | Aug 14, 2017 | Jul 27, 2017 | $0.243 | normal |
| Apr 27, 2017 | May 15, 2017 | Feb 24, 2017 | $0.243 | normal |
| Jan 19, 2017 | Feb 13, 2017 | Dec 13, 2016 | $0.243 | normal |
| Oct 27, 2016 | Nov 14, 2016 | Sep 20, 2016 | $0.22 | normal |
| Aug 4, 2016 | Aug 22, 2016 | Jul 26, 2016 | $0.22 | normal |
| Apr 6, 2016 | May 13, 2016 | Feb 25, 2016 | $0.22 | normal |
Pnm Resources's payout ratio of 59.1% is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 65.6%, Pnm Resources's payout ratio is 10% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| EIX Edison International | 4.38% | $2.88 | 130.7% |
| PNM Pnm Resources Inc | 3.17% | $1.43 | 59.1% |
| XEL Xcel Energy Inc | 3.08% | $1.98 | 61% |
| IDA Idacorp Inc | 3.02% | $3.12 | 58.8% |
| NEE Nextera Energy Inc | 2.41% | $1.79 | 53% |
Yes, Pnm Resources has paid four dividends in the last 12 months. PNM has been paying dividends since 1996.
PNM hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in July 2023.
Pnm Resources's last regular dividend was on Apr 27, 2023 (ex-date) with the amount of $0.368 per share.
On an annual basis PNM pays $1.43 per share.
Pnm Resources's current dividend yield is 3.17%.
Pnm Resources pays dividends quarterly.
Pnm Resources's dividend payout ratio is 59.1%.
Pnm Resources's dividend yield is in line with the Utilities sector average.