PNM Resources, Inc. (Holding Co.) (PNM) Dividends
Dividend Yield and Dividend History Highlights
- As for free cash flow, PNM has greater average cash flow over the past 5.5 years than 6.57% US-listed dividend payers.
- If price volatilty is something you're paying attention to when building your dividend portfolio, know that PNM has less fluctuation in its price than 99.9% of stocks we're observing.
- Currently, PNM generates more cash flow over the 12 months prior than 6.41% of US dividend stocks.
- As for stocks whose price is uncorrelated with PNM's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: INFY, STON, EVOL, SAIC and PBI.
PNM Price Forecast Based on Dividend Discount Model
Current Price | DDM Fair Value Target: | Forecasted Gain: |
$41.77 | $1547.62 | 3242.59% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. In the case of PNM, the DDM model generated by StockNews estimates a return of positive 3242.59% in comparison to its current price. To help understand and contextualize the model's evaluation of PNM, investors may wish to consider are:
- Compared to other dividend issuers in the mid-sized market cap category, PNM's beta -- a measure of volatility relative to the market at large -- is lower than merely 100% of them.
- PNM's market cap of approximately $4 billion makes it a mid-sized market cap company; out of dividend issuers in this group, the investment opportunity based on the difference between its current share price and its forecasted DDM value is greater than 98.19% of them.
PNM Dividend History
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PNM Dividends vs. Peers
PNM's dividend yield currently ranks #13 of 83 vs. its peers in the Utilities - Domestic category.
Looking for More Information on PNM dividends?
Want to do more research on Pnm Resources Inc's dividends? Try the links below:Pnm Resources Inc Common Stock (PNM) Dividend History | Nasdaq
Dividend History for Pnm Resources Inc (PNM) - Dividend Investor
Pnm Resources Inc (PNM) Dividend History - Seeking Alpha