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PNM Pnm Resources dividend history, payout ratio & dates

Pnm Resources's most recent quarterly dividend payment of $0.368 per share was made to shareholders on record before Feb 2, 2023. The payout stands at $1.41 per share annually, which works out to a dividend yield of 2.88%. The latest PNM stock dividend of $0.368 is an increase from the previous $0.348 distribution, representing a growth of 6%.

Key dates

  • PNM last dividend date: Feb 2, 2023
  • PNM next dividend date: Not announced
PNM dividend stats
DPS
$1.41
Dividend yield
2.88%
Payout ratio
73.1%
vs. Utilities sector
Dividend yield
3.04%
Payout ratio
63.7%

Dividend yield

What is Pnm Resources current dividend yield

Pnm Resources's dividend yield of 2.88% is lower than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 3.04%, Pnm Resources's dividend yield is 5% lower. Historically PNM's dividend yield has averaged at 2.6% in the last 5 years, which is less than the current one.

Dividend history

What is PNM dividend payout history and dates

Pnm Resources has been paying dividends for the last 26 years. According to our data PNM has issued five quarterly dividends in the last twelve months. The annualized DPS has increased by 8% for the last year. However since the stock price has gone up by 8% from a year ago, the dividend yield has decreased by 0.2%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 dividend payout ratio

What is Pnm Resources dividend payout ratio compared to the sector

Payout ratio

Pnm Resources's payout ratio of 73.1% is above the Utilities sector and the industry average but below its peers average. Compared to its Utilities sector average of 63.7%, Pnm Resources's payout ratio is 15% higher.

Total amount of dividends paid per financial year (from cash flow)

PNM dividend vs peer dividends

How does PNM dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
EIX Edison International 4.22% $2.84 149.4%
IDA Idacorp Inc 2.9% $3.08 62.6%
PNM Pnm Resources Inc 2.88% $1.41 73.1%
XEL Xcel Energy Inc 2.83% $1.95 63.6%
NEE Nextera Energy Inc 2.23% $1.7 87.6%

Frequently asked questions

Does Pnm Resources pay a dividend?

Yes, Pnm Resources has paid five dividends in the last 12 months. PNM has been paying dividends since 1996.

When is Pnm Resources's next dividend?

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 May 2023.

When was PNM's last dividend?

Pnm Resources's last regular dividend was on Feb 2, 2023 (ex-date) with the amount of $0.368 per share.

How much dividend does Pnm Resources pay (per share)?

On an annual basis PNM pays $1.41 per share.

What is Pnm Resources's dividend yield?

Pnm Resources's current dividend yield is 2.88%.

How often does Pnm Resources pay dividends?

Pnm Resources pays dividends quarterly.

What is Pnm Resources's dividend payout ratio?

Pnm Resources's dividend payout ratio is 73.1%.

Does Pnm Resources pay a good dividend?

Pnm Resources's dividend yield is less than the Utilities sector average.