PNM Resources's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PNM Resources (NYSE:PNM) has announced a quarterly dividend of 36.75 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 36.75 cents lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on August 25, 2023.
August 07, 2023 | 2:45 pm
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PNM Resources has announced a quarterly dividend, which will likely cause the stock to open lower on the ex-dividend date. The dividend will be paid out on August 25, 2023.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, PNM Resources has announced a dividend of 36.75 cents per share, which is expected to cause a similar decrease in the stock's opening price on the ex-dividend date.
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