PNM Resources Inc(NYSE:PNM) Declares Dividend of $0.2200.

PNM Resources Inc (NYSE:PNM) had declared a cash dividend of $0.2200 on Jul 26, 2016. The shares will quote ex-dividend on Aug 4, 2016 and the record date has been fixed for Aug 8, 2016. On Jul 26, 2016 share price, the yield comes out to be 2.5634%. The dividend payable date has been fixed on Aug 22, 2016.

PNM Resources Inc (PNM) made into the market gainers list on Fridays trading session with the shares advancing 1.06% or 0.36 points. Due to strong positive momentum, the stock ended at $34.36, which is also near the day’s high of $34.435. The stock began the session at $33.98 and the volume stood at 5,64,939 shares. The 52-week high of the shares is $36.15 and the 52 week low is $24.645. The company has a current market capitalization of $2,737 M and it has 7,96,53,624 shares in outstanding.

PNM Resources Inc(PNM) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $310.96M. Analysts had an estimated revenue of $358.00M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.17.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Ronald N. Darnell (SVP, PUBLIC POLICY) sold 113 shares at $33.05 per share price.Also, On Mar 14, 2016, Charles N Eldred (EXEC VP, CFO) sold 1,550 shares at $33.29 per share price.On Mar 8, 2016, Patrick V Apodaca (SR VP, GEN COUNSEL & SECY) sold 3,800 shares at $33.04 per share price, according to the Form-4 filing with the securities and exchange commission.

PNM Resources Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. The Company’s business segments include PNM TNMP and Corporate and Other. PNM is an electric utility that provides electric generation transmission and distribution service to its rate-regulated customers. TNMP is an electric utility providing regulated transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities primarily related to corporate level debt and PNMR Services Company. The Company’s primary subsidiaries include Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

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