TXNM Energy, Inc. (TXNM) To Go Ex-Dividend on June 30th

TXNM Energy, Inc. (NYSE:TXNM) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 30th will be paid a dividend of 1.145 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 171.0% increase from TXNM Energy’s previous quarterly dividend of $0.42.

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

TXNM Energy Price Performance

NYSE TXNM opened at $57.06 on Friday. The company has a 50 day moving average price of $58.62 and a two-hundred day moving average price of $58.80. TXNM Energy has a 12-month low of $56.17 and a 12-month high of $59.53. The stock has a market capitalization of $6.32 billion, a PE ratio of 41.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.16. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.46.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings data on Friday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). The business had revenue of $504.98 million during the quarter, compared to analyst estimates of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. As a group, equities analysts predict that TXNM Energy will post 3.07 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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.