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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