NEW YORK ( TheStreet) -- The ex-dividend date for PNM Resources (NYSE: PNM) is tomorrow, March 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $18.22 as of 9:30 a.m. ET, the dividend yield is 3.1%. The average volume for PNM has been 828,100 shares per day over the past 30 days. PNM has a market cap of $1.4 billion and is part of the utilities sector and utilities industry. Shares are up 0.4% 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. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7.
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