TXNM Energy, Inc. (NYSE:TXNM) to Issue $0.39 Quarterly Dividend

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Thursday, September 26th, Wall Street Journal reports. Shareholders of record on Monday, October 28th will be paid a dividend of 0.3875 per share on Friday, November 8th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, October 28th.

TXNM Energy Stock Up 0.0 %

TXNM traded up $0.01 during mid-day trading on Thursday, reaching $43.13. The stock had a trading volume of 373,986 shares, compared to its average volume of 967,745. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.37 and a current ratio of 0.47. TXNM Energy has a 52 week low of $34.63 and a 52 week high of $44.87. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 6.26 and a beta of 0.36.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. TXNM Energy had a net margin of 4.50% and a return on equity of 10.06%. The company had revenue of $488.10 million for the quarter, compared to analyst estimates of $506.98 million. On average, analysts predict that TXNM Energy will post 2.72 earnings per share for the current year.

TXNM Energy Company Profile

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.