PNM Resources in Focus PNM Resources is headquartered in Albuquerque, and is in the Utilities sector. The stock has seen a price change of -4.41% since the start of the year. The power company is paying out a dividend of $0.37 per share at the moment, with a dividend yield of 3.15% compared to the Utility - Electric Power industry's yield of 3.42% and the S&P 500's yield of 1.72%. Taking a look at the company's dividend growth, its current annualized dividend of $1.47 is up 5.8% from last year. In the past five-year period, PNM Resources has increased its dividend 5 times on a year-over-year basis for an average annual increase of 6.74%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. PNM Resources's current payout ratio is 54%. This means it paid out 54% of its trailing 12-month EPS as dividend. Earnings growth looks solid for PNM for this fiscal year.