PNM Resources, Inc. (Holding Co.) ( PNM ) will begin trading ex-dividend on July 31, 2013. A cash dividend payment of $0.165 per share is scheduled to be paid on August 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 same period a year ago. At the current stock price of $23.64, the dividend yield is 2.79%.
The previous trading day's last sale of PNM was $23.64, representing a -2.07% decrease from the 52 week high of $24.14 and a 19.64% increase over the 52 week low of $19.76.
PNM is a part of the Public Utilities sector, which includes companies such as Southern Company ( SO ) and NextEra Energy, Inc. ( NEE ). PNM's current earnings per share, an indicator of a company's profitability, is $1.23. Zacks Investment Research reports PNM's forecasted earnings growth in 2013 as 4.14%, compared to an industry average of 5.7%.
For more information on the declaration, record and payment dates, visit the PNM Dividend History page.