TXNM Energy, Inc. (TXNM) To Go Ex-Dividend on October 23rd

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Friday, October 23rd will be given a dividend of $0.4225 per share on Friday, November 13th. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, October 23rd.

TXNM Energy has raised its dividend by an average of 0.1% annually over the last three years.

TXNM Energy Trading Up 0.0%

Shares of TXNM Energy stock opened at $58.52 on Wednesday. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.52 and a beta of 0.17. The business has a 50-day moving average price of $58.08 and a 200-day moving average price of $58.18. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 1.44. TXNM Energy has a twelve month low of $55.64 and a twelve month high of $59.53.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. TXNM Energy had a return on equity of 8.11% and a net margin of 9.04%. The firm had revenue of $548.55 million for the quarter, compared to analysts’ expectations of $567.00 million. Equities research analysts anticipate that TXNM Energy will post 3.07 EPS for the current fiscal year.

About TXNM Energy

TXNM Energy Inc (NYSE:TXNM) is an energy holding company that provides electricity and related utility services through its regulated subsidiaries. Its principal businesses are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), which operate electric generation, transmission and distribution systems.

PNM serves residential, commercial and industrial customers in New Mexico, while TNMP provides regulated electric distribution service to communities in Texas.