PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

On February 28, 2023, PNM Resources (NYSE: PNM) announced a quarterly dividend of $0.3675 per share, payable on May 12, 2023. Shareholders of record as of April 28, 2023 will receive this dividend. The company reported preliminary consolidated operating revenues of $2.2 billion in 2022, serving over 800,000 customers in New Mexico and Texas. PNM Resources aims for 100% emissions-free energy by 2040. This announcement reflects the company's commitment to returning value to shareholders while pursuing sustainable energy goals.

Positive

• Quarterly dividend of $0.3675 per share enhances shareholder returns.
• 2022 consolidated operating revenues of $2.2 billion indicate strong financial performance.
• PNM serves over 800,000 customers, ensuring steady demand.

Negative

• None.

ALBUQUERQUE, N.M., Feb. 28, 2023 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3675 per share on the company's common stock. The dividend is payable May 12, 2023, to shareholders of record at the close of business April 28, 2023.

Background:

PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with preliminary 2022 consolidated operating revenues of $2.2 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 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 2.7 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.

FAQ

What is the quarterly dividend amount declared by PNM?

PNM Resources declared a quarterly dividend of $0.3675 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on May 12, 2023.

What is the record date for PNM's dividend?

The record date for the dividend is April 28, 2023.

How many customers does PNM serve?

PNM serves over 800,000 customers in New Mexico and Texas.

What were PNM's consolidated operating revenues for 2022?

PNM reported consolidated operating revenues of $2.2 billion for 2022.