TXNM Energy, Inc. (NYSE:TXNM) Announces Quarterly Dividend of $0.42

TXNM Energy, Inc. (NYSE:TXNM) announced a quarterly dividend on Tuesday, December 2nd. Investors of record on Friday, January 30th will be given a dividend of 0.4225 per share on Friday, February 13th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 30th. This is a 3.7% increase from TXNM Energy’s previous quarterly dividend of $0.41.

TXNM Energy has increased its dividend by an average of 0.1%annually over the last three years.

TXNM Energy Trading Up 0.5%

Shares of TXNM stock traded up $0.28 on Wednesday, hitting $58.29. The company had a trading volume of 250,440 shares, compared to its average volume of 1,130,603. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.36 and a current ratio of 0.51. TXNM Energy has a twelve month low of $45.71 and a twelve month high of $58.45. The stock’s 50-day moving average is $57.24 and its two-hundred day moving average is $56.87. The firm has a market cap of $6.35 billion, a P/E ratio of 34.08, a P/E/G ratio of 2.76 and a beta of 0.16.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.11). TXNM Energy had a net margin of 8.67% and a return on equity of 7.20%. The business had revenue of $647.16 million during the quarter, compared to analyst estimates of $608.65 million. During the same period in the prior year, the firm earned $1.43 earnings per share. On average, equities research analysts anticipate that TXNM Energy will post 2.73 earnings per share for the current fiscal year.

About TXNM Energy

TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.