TXNM Energy, Inc.
TXNMUtilities · Stock · quarterly payer
Forward Yield
2.94%
Annual Dividend
$1.69
Payout Ratio
117%
5-Yr Growth
5.8%
Ex-Date
Apr 27, 2026
Frequency
Quarterly
Summary
As of July 2026, TXNM Energy, Inc. (TXNM) yields 2.94% ($1.69 per share annually), with a blended fair-value estimate of $41.73 — -27% downside, so it screens as overvalued. Dividend safety grade: B (75/100). 14 years of dividend growth.
Is TXNM a good dividend stock?
YesTXNM Energy, Inc. (TXNM) pays a quarterly dividend yielding 2.94% ($1.69/yr), with 14 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Strong 5.8% 5-yr dividend growth
Risks
- Cut its dividend in 2009
- Elevated payout ratio (117%)
Key Data
- Dividend Yield
- 2.94%
- Payout Ratio
- 117%
- Annual Dividend
- $1.69
- 5-Yr Avg Growth
- 5.8%
- Ex-Dividend Date
- Apr 27, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.17
- Market Cap
- $6.4B
- P/E Ratio
- 41.0
- 5-Yr Total Return
- 16%
- 52-Week Range
- $55.64 – $59.53
- Dividend Safety
- B · 75/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
TXNM Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+30%
5 Years
+16%
52-Week Range
$55.64 – $59.53
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TXNM worth?
Overvaluedmedium confidenceOur blended fair-value estimate for TXNM Energy, Inc. is $41.73 per share, versus a market price of $57.41. That implies 27% of downside.
Fair Value
$41.73
Current Price
$57.41
Downside
-27%
Margin of Safety
-38%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), 8.3% stage-1 growth, 2.5% terminal growth, $1.41 EPS, $1.69 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TXNM Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 27, 2026 | — | $0.4230 | regular |
| Jan 30, 2026 | — | $0.4230 | regular |
| Oct 24, 2025 | — | $0.4080 | regular |
| Aug 8, 2025 | — | $0.4080 | regular |
| Apr 25, 2025 | — | $0.4080 | regular |
| Jan 31, 2025 | — | $0.4080 | regular |
| Oct 28, 2024 | — | $0.3880 | regular |
| Jul 26, 2024 | — | $0.3880 | regular |
| Apr 25, 2024 | — | $0.3880 | regular |
| Feb 1, 2024 | — | $0.3880 | regular |
| Oct 26, 2023 | — | $0.3680 | regular |
| Aug 10, 2023 | — | $0.3680 | regular |
| Apr 27, 2023 | — | $0.3680 | regular |
| Feb 2, 2023 | — | $0.3680 | regular |
Income Calculator
At $1.69 / yr per share
