SmarterDividends
TXNM

TXNM Energy (TXNM) Dividend

TXNM Energy, Inc. · Utilities · Utilities - Regulated Electric · quarterly payer

$58.40

Overvalued · -23% Add to Portfolio

As of Nov 5, 2026, TXNM Energy (TXNM) pays a quarterly dividend of $0.4230 per share, or $1.69 a year, a 2.89% yield at its $58.40 share price. It pays every quarter, usually in February, May, August and November. It has raised its dividend 14 years in a row and has a dividend safety grade of B.

Forward Yield

2.89%

Annual Dividend

$1.69

Payout Ratio

84%

5-Yr Growth

5.8%

Ex-Date

Oct 23, 2026

Frequency

Quarterly

Key facts about TXNM's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, TXNM Energy, Inc. (TXNM) has a forward dividend yield of 2.89%, based on an annual dividend of $1.69 per share and a share price of $58.40.
  • As of Nov 5, 2026, TXNM's dividend safety grade from SmarterDividends is B (79 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, TXNM Energy, Inc. (TXNM) has raised its dividend for 14 consecutive years as of Nov 5, 2026.
  • TXNM last cut its regular dividend in 2009.
  • TXNM's most recent ex-dividend date was Oct 23, 2026, for a dividend of $0.42 per share.
  • As of Nov 5, 2026, TXNM pays out 84% of its trailing 12-month earnings as dividends (its payout ratio).
  • TXNM's dividend has grown at an average rate of 5.8% a year over the past five years.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TXNM is $44.86 per share, 23% below the $58.40 share price, so TXNM screens as overvalued.
  • TXNM Energy, Inc. (TXNM) pays its dividend quarterly, 4 times a year.
  • TXNM Energy, Inc. (TXNM) has raised its regular dividend 26 times and cut it 3 times across the 141 payments on record since 1973. Its most recent change was a 3.7% increase to $0.423 per share, going ex-dividend on Jan 30, 2026. The last cut went ex-dividend on Aug 19, 2008.
  • TXNM Energy (TXNM) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 3.7%, was declared on Dec 2, 2025.
Cite this page

SmarterDividends, "TXNM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TXNM

Is TXNM a good dividend stock?

Yes

TXNM Energy, Inc. (TXNM) pays a quarterly dividend yielding 2.89% ($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

Key Data

Dividend Yield
2.89%
Payout Ratio
84%
Annual Dividend
$1.69
5-Yr Avg Growth
5.8%
Ex-Dividend Date
Oct 23, 2026
Years of Growth
14
Frequency
quarterly
Beta
0.17
Market Cap
$6.4B
P/E Ratio
29.2
5-Yr Total Return
19%
52-Week Range
$55.64 – $59.53
Dividend Safety
B · 79/100
Ever Cut?
Yes (2009)

TXNM dividend raises and cuts

TXNM Energy, Inc. (TXNM) has raised its regular dividend 26 times and cut it 3 times across the 141 payments on record since 1973. Its most recent change was a 3.7% increase to $0.423 per share, going ex-dividend on Jan 30, 2026. The last cut went ex-dividend on Aug 19, 2008.

Ex-dateChangeOld → newMove
Jan 30, 2026Raise$0.408 → $0.423+3.7%
Jan 31, 2025Raise$0.388 → $0.408+5.2%
Feb 1, 2024Raise$0.368 → $0.388+5.4%
Feb 2, 2023Raise$0.348 → $0.368+5.7%
Feb 11, 2022Raise$0.328 → $0.348+6.1%
Feb 2, 2021Raise$0.308 → $0.328+6.5%
Jan 31, 2020Raise$0.290 → $0.308+6.2%
Jan 31, 2019Raise$0.265 → $0.290+9.4%
Jan 17, 2018Raise$0.243 → $0.265+9.1%
Jan 19, 2017Raise$0.220 → $0.243+10.5%
Jan 21, 2016Raise$0.200 → $0.220+10.0%
Jan 26, 2015Raise$0.185 → $0.200+8.1%
Show all 29 changes since 1985
Ex-dateChangeOld → newMove
Jan 21, 2014Raise$0.165 → $0.185+12.1%
Apr 17, 2013Raise$0.145 → $0.165+13.8%
Mar 30, 2012Raise$0.125 → $0.145+16.0%
Aug 19, 2008Cut$0.230 → $0.125−45.7%
Apr 27, 2007Raise$0.220 → $0.230+4.5%
Apr 27, 2006Raise$0.200 → $0.220+10.0%
Jul 28, 2005Raise$0.185 → $0.200+8.1%
Jan 28, 2005Raise$0.160 → $0.185+15.6%
Apr 29, 2004Raise$0.153 → $0.160+4.3%
Apr 30, 2003Raise$0.147 → $0.153+4.5%
Apr 30, 2002Raise$0.133 → $0.147+10.0%
Apr 29, 1999Raise$0.113 → $0.133+17.6%
Oct 29, 1998Cut$0.133 → $0.113−15.0%
Apr 29, 1998Raise$0.113 → $0.133+17.6%
May 8, 1997Raise$0.0800 → $0.113+41.7%
May 2, 1988Cut$0.487 → $0.253−47.9%
Oct 28, 1985Raise$0.480 → $0.487+1.4%
Every TXNM payment →Download every raise and cut (CSV)
TXNM ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →TXNM dividend historyEvery payment, totals by year, raises and cutsView →TXNM dividend calculator100 shares pay $169.00 a year, $42.25 each quarterCalculate →TXNM total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is TXNM a good dividend stock?

Yes. TXNM Energy, Inc. (TXNM) pays a quarterly dividend yielding 2.89% ($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.

Is TXNM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TXNM's fair value is about $44.86 versus a $58.40 share price — so it looks overvalued (-23% vs. fair value).

Is TXNM's dividend safe?

TXNM has a dividend-safety grade of B (79/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a dividend cut in 2009, debt and yield-versus-history.

What is TXNM's fair value?

Our blended fair-value estimate for TXNM is about $44.86 per share, about 23% below the current $58.40 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TXNM a buy, hold, or sell?

We don't issue formal ratings, but on the data TXNM screens as "yes" and overvalued. TXNM Energy, Inc. (TXNM) pays a quarterly dividend yielding 2.89% ($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. This is research for your own analysis, not investment advice.

Will TXNM cut its dividend?

TXNM earns a dividend-safety grade of B (79/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TXNM pay a dividend?

Yes. TXNM Energy, Inc. pays a quarterly dividend of about $1.69 per share annually, a forward yield of roughly 2.89%.

How much dividend does 100 shares of TXNM pay?

At $1.69 per share a year, 100 shares of TXNM pay $169.00 a year in dividends before tax, about $42.25 each quarter. Buying them costs about $5,840 at the Nov 5, 2026 price.

What is TXNM's dividend yield?

As of Nov 5, 2026, TXNM's forward dividend yield is 2.89%, based on a $1.69 annual dividend and a $58.40 share price.

What is TXNM's dividend per share?

As of Nov 5, 2026, TXNM pays $1.69 per share per year, distributed on a quarterly basis.

What is TXNM's dividend payout ratio?

As of Nov 5, 2026, TXNM's payout ratio is 84% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has TXNM grown its dividend?

As of Nov 5, 2026, TXNM has increased its dividend for 14 consecutive years.

When is the next TXNM ex-dividend date?

As of Nov 5, 2026, TXNM's next ex-dividend date hasn't been announced. The most recent was Oct 23, 2026, for $0.42 per share.

Income Calculator

At $1.69 / yr per share

Per payment (quarterly)$42.25
Annual$169.00
Monthly avg$14.08
Full TXNM dividend calculator →

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