PNM Resources, Inc. (Holding Co.) ( PNM ) will begin trading ex-dividend on August 03, 2018. A cash dividend payment of $0.265 per share is scheduled to be paid on August 17, 2018. Shareholders who purchased PNM prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that PNM has paid the same dividend. At the current stock price of $38.85, the dividend yield is 2.73%.
The previous trading day's last sale of PNM was $38.85, representing a -15.54% decrease from the 52 week high of $46 and a 15.11% increase over the 52 week low of $33.75.
PNM is a part of the Public Utilities sector, which includes companies such as NextEra Energy, Inc. ( NEE ) and Southern Company ( SO ). PNM's current earnings per share, an indicator of a company's profitability, is $.91. Zacks Investment Research reports PNM's forecasted earnings growth in 2018 as %, compared to an industry average of 6%.
Interested in gaining exposure to PNM through an Exchange Traded Fund [ETF]?
The following ETF(s) have PNM as a top-10 holding:
- Invesco DWA Utilities Momentum ETF ( PUI )
- VanEck Vectors Uranium & Nuclear Energy ETF ( NLR )
- Vanguard Utilities ETF ( VPU )
- Fidelity MSCI Utilities Index ETF ( FUTY ).
The top-performing ETF of this group is PUI with an increase of 10.18% over the last 100 days. It also has the highest percent weighting of PNM at 2.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.