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|PNM Dividend History|
|PNM Stock Split History|
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|PNM Options Chain|
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PNM Resources (PNM) has 1 split in our PNM split history database. The split for PNM took place on June 14, 2004. This was a 3 for 2 split, meaning for each 2 shares of PNM owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as PNM Resources splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the PNM split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PNM Resources shares, starting with a $10,000 purchase of PNM, presented on a split-history-adjusted basis factoring in the complete PNM split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||12.90%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||11.96%|
|About PNM Resources|
|PNM Resources is a holding company. Through its regulated utilities, Co. provides electricity and electric services in New Mexico and Texas. Co.'s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM is an electric utility that provides electric generation, transmission, and distribution service to its rate-regulated customers in area of north central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, and certain areas of southern New Mexico. TNMP is a regulated utility that provides transmission and distribution services in Texas under the provisions of TECA and the Texas Public Utility Regulatory Act. According to our PNM split history records, PNM Resources has had 1 split.|
|PNM Split History Table|
|06/14/2004||3 for 2|
|Utilities Stock Splits|
|PNM is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: PNM shares outstanding history