Dividend and Recent Developments for TXNM Energy: Key Updates Before Aug 8, 2025

TXNM Energy has announced a dividend of $0.408 per share, with the ex-dividend date set for Aug 8, 2025. The announcement was made on Jul 25, 2025, and the dividend is payable on Aug 22, 2025. This dividend represents a notable increase compared to the average of the last ten dividends, which stood at $0.326 per share. The dividend is classified as a cash dividend. Previously, the company issued a similar dividend of $0.408 per share on May 16, 2025, also categorized as a cash dividend.

Recently, TXNM Energy's financial performance has come under scrutiny as the company reported earnings of $0.25 per share for the second quarter, significantly missing the consensus estimate of $0.46. This earnings shortfall has raised concerns among investors and analysts, especially given the ongoing uncertainty surrounding TXNM's proposed merger. The merger faces challenges due to various conditions stipulated in the Merger Agreement, casting doubt on its completion.

Over the past week, TXNM Energy's strategic transformation has been a focal point for industry observers. Affiliates of Blackstone Infrastructure have agreed to acquire TXNM Energy for $11.5 billion in equity. This acquisition is poised to drive grid modernization and enhance renewable energy integration in New Mexico, marking a pivotal shift in the company's operational focus. As of late, management has withheld financial guidance pending the completion of this acquisition, adding another layer of uncertainty to TXNM's future market performance.

In conclusion, TXNM Energy is navigating a period of significant change, marked by missed earnings expectations and a transformative acquisition. Investors should note that Aug 8, 2025, is the last day to purchase TXNM Energy's stock to qualify for the upcoming dividend. Any acquisitions post this ex-dividend date will not be eligible for the current dividend payout.