PNM Resources's Dividends per Share for the
three
months ended in Dec. 2023 was $0.37.
The historical rank and industry rank for PNM Resources's 3-Year Dividend Growth Rate or its related term are showing as below:
PNM'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -49.3 Med: 7.3 Max: 30.5
Current: 6.1
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of PNM Resources was 30.50% per year. The lowest was -49.30% per year. And the median was 7.30% per year.
PNM's 3-Year Dividend Growth Rate is ranked better than 57.48% of 294
companies
in the Utilities - Regulated industry
Industry Median: 5
vs PNM: 6.10
During the past 12 months, PNM Resources's average Dividends Per Share Growth Rate was 5.80% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 6.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 6.60% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 8.50% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PNM Resources Inc is 1.03, which seems too high.
Good Sign:
PNM Resources Inc stock dividend yield is close to 10-year high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison
For the Utilities - Regulated Electric subindustry, PNM Resources's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PNM Resources 3-Year Dividend Growth Rate Distribution
For the Utilities - Regulated industry and Utilities sector, PNM Resources's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where PNM Resources's 3-Year Dividend Growth Rate falls into.
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest Dividend Payout Ratio of PNM Resources was 8.17. The lowest was 0.50. And the median was 0.59.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PNM Resources Inc is 1.03, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
PNM Resources Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.388
2024-02-01
2024-02-02
2024-02-16
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.368
2023-10-26
2023-10-27
2023-11-10
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.368
2023-08-10
2023-08-11
2023-08-25
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.368
2023-04-27
2023-04-28
2023-05-12
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
PNM Resources's Dividend Yield (%) for Today is calculated as
Current Share Price is $36.69.
PNM Resources's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.492.
During the past 13 years, the highest Dividend Yield of PNM Resources was 4.13%. The lowest was 2.08%. And the median was 2.60%.
Good Sign:
PNM Resources Inc stock dividend yield is close to 10-year high.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PNM Resources 3-Year Dividend Growth Rate Related Terms>
PNM Resources (PNM Resources) Business Description
PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.
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