5 Stocks Going Ex-Dividend Tomorrow: PNM, IEX, PKI, FL, VALE

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Tomorrow, April 17, 2013, 10 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 7.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

PNM Resources

Owners of PNM Resources (NYSE: PNM) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $23.00 as of 9:33 a.m. ET, the dividend yield is 2.8%.

The average volume for PNM Resources has been 502,000 shares per day over the past 30 days. PNM Resources has a market cap of $1.9 billion and is part of the utilities industry. Shares are up 15.6% year to date as of the close of trading on Monday.

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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 has a P/E ratio of 18.09.

TheStreet Ratings rates PNM Resources as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PNM Resources Ratings Report now.

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