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

TXNM Energy, Inc. (NYSE:TXNM) announced a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 30th will be paid a dividend of 1.145 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. 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 payment by an average of 0.1%per year over the last three years.

TXNM Energy Stock Performance

Shares of TXNM opened at $59.48 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 2.57 and a beta of 0.16. The stock has a 50 day moving average of $58.92 and a 200 day moving average of $58.75. TXNM Energy has a 12 month low of $56.17 and a 12 month high of $59.52.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The business had revenue of $504.98 million for the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 earnings per share. As a group, sell-side analysts forecast that TXNM Energy will post 3.07 earnings per share for the current 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.