PNM Stock To Go Ex-dividend Tomorrow (PNM)

NEW YORK ( TheStreet) -- The ex-dividend date for PNM Resources Inc (NYSE: PNM) is tomorrow, October 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $18.48 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for PNM has been 1.1 million shares per day over the past 30 days. PNM has a market cap of $1.5 billion and is part of the utilities sector and utilities industry. Shares are up 37.6% year to date as of the close of trading on Wednesday.

PNM Resources, Inc., together with its subsidiaries, operates in energy and energy-related businesses in the United States. It primarily engages in the generation, transmission, and distribution of electricity. The company generates electricity using coal, nuclear, natural gas, and wind energy.
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TheStreet Ratings rates PNM as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and revenue growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PNM Ratings Report.

See our dividend calendar or top-yielding stocks list.

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