PNM Stock To Go Ex-dividend Tomorrow (PNM)

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.

TheStreet Ratings rates PNM as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full PNM Ratings Report.

See our dividend calendar or top-yielding stocks list.
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