PNM Resources, Inc. (Holding Co.) (PNM) Ex-Dividend Date Scheduled for April 17, 2013


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PNM Resources, Inc. (Holding Co.) ( PNM ) will begin trading ex-dividend on April 17, 2013. A cash dividend payment of $0.165 per share is scheduled to be paid on May 15, 2013. Shareholders who purchased PNM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 13.79% increase over the prior quarter. At the current stock price of $23.08, the dividend yield is 2.86%.

The previous trading day's last sale of PNM was $23.08, representing a -3.07% decrease from the 52 week high of $23.81 and a 29.88% increase over the 52 week low of $17.77.

PNM is a part of the Public Utilities sector, which includes companies such as Southern Company ( SO ) and Dominion Resources, Inc. ( D ). PNM's current earnings per share, an indicator of a company's profitability, is $1.31. Zacks Investment Research reports PNM's forecasted earnings growth in 2013 as 4.69%, compared to an industry average of 5.3%.

For more information on the declaration, record and payment dates, visit the PNM Dividend History page.

Interested in gaining exposure to PNM through an Exchange Traded Fund [ETF]?
The following ETF(s) have PNM as a top-10 holding:

  • PowerShares Dynamic Utilities ( PUI ).

The top-performing ETF of this group is PUI with an increase of 2.2% over the last 100 days. It also has the highest percent weighting of PNM at 1.53%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines Stocks
Referenced Stocks: D , PNM , PUI , SO

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