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 who own PNM as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 10, 2023.
October 23, 2023 | 2:46 pm
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PNM Resources has announced a quarterly dividend of 36.75 cents per share. The stock will likely open lower on the ex-dividend date, reflecting the payout.
The announcement of a dividend payout typically leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. Therefore, it is expected that PNM's stock price will open lower on the ex-dividend date.
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