PNM Declares Preferred Dividend

PNM Resources, a subsidiary of PNM, has declared a quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock.

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Rhea-AI Summary

PNM Resources, a subsidiary of PNM, has declared a quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. This dividend will be payable on July 15, 2021, to shareholders of record at the close of business on July 1, 2021. PNM Resources reported consolidated operating revenues of $1.5 billion in 2020 and serves approximately 800,000 homes and businesses in New Mexico and Texas, with a goal of achieving 100% emissions-free energy by 2040.

Positive

Quarterly dividend of $1.145 per share, providing returns to shareholders.
Achieved $1.5 billion in consolidated operating revenues in 2020.
Serves approximately 800,000 customers, indicating strong market presence.

Negative

None.

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06/07/2021 - 04:30 PM

ALBUQUERQUE, N.M., June 7, 2021 /PRNewswire/ -- The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: PNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable July 15, 2021 to shareholders of record at the close of business July 1, 2021.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 2.8 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. For more information, visit the company's website at www.PNMResources.com.

CONTACTS:
Analysts	Media
Lisa Goodman	Ray Sandoval
(505) 241-2160	(505) 241-2782

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SOURCE PNM Resources, Inc.

PNM Declares Preferred Dividend