PNM Resources Dividend
Dividend criteria checks 3/6
PNM Resources is a dividend paying company with a current yield of 4.27%. Next payment date is on 10th May, 2024 with an ex-dividend date of 25th April, 2024.
Key information
4.3%
Dividend yield
146%
Payout ratio
Industry average yield | 5.9% |
Next dividend pay date | 10 May 24 |
Ex dividend date | 25 Apr 24 |
Dividend per share | n/a |
Earnings per share | €0.97 |
Dividend yield forecast in 3Y | 4.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 98P's dividends per share have been stable in the past 10 years.
Growing Dividend: 98P's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
PNM Resources Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (98P) | 4.3% |
Market Bottom 25% (DE) | 1.7% |
Market Top 25% (DE) | 4.8% |
Industry Average (Electric Utilities) | 5.9% |
Analyst forecast in 3 Years (98P) | 4.8% |
Notable Dividend: 98P's dividend (4.27%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: 98P's dividend (4.27%) is low compared to the top 25% of dividend payers in the German market (4.81%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (146.4%), 98P's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 98P is paying a dividend but the company has no free cash flows.