PNM Resources Board Declares Quarterly Common Stock Dividend

(Neutral)

Rhea-AI Summary

On September 16, 2022, PNM Resources (NYSE: PNM) declared a quarterly dividend of $0.3475 per share on its common stock. This dividend is payable on November 10, 2022, to shareholders of record as of October 27, 2022. PNM Resources, based in Albuquerque, NM, reported preliminary 2021 revenues of $1.8 billion and provides electricity to around 800,000 customers in New Mexico and Texas. The company is pursuing a goal to achieve 100% emissions-free energy by 2040.

Positive

Quarterly dividend of $0.3475 per share enhances shareholder income.
Company aims for 100% emissions-free energy by 2040, indicating strong sustainability focus.

Negative

None.

News Market Reaction – PNM

+0.63%

+0.63% Session move

In the trading session that priced this news, PNM gained 0.63%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

09/16/2022 - 05:14 PM

ALBUQUERQUE, N.M., Sept. 16, 2022 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3475 per share on the company's common stock. The dividend is payable November 10, 2022, to shareholders of record at the close of business October 27, 2022.

Background:

PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with preliminary 2021 consolidated operating revenues of $1.8 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 3.1 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/pnm-resources-board-declares-quarterly-common-stock-dividend-301626516.html

SOURCE PNM Resources, Inc.

FAQ

What is the dividend amount declared by PNM Resources on September 16, 2022?

PNM Resources declared a quarterly dividend of $0.3475 per share.

When is the dividend payable for PNM Resources?

The dividend is payable on November 10, 2022.

What is the record date for the dividend payment by PNM Resources?

The record date for the dividend payment is October 27, 2022.

How much revenue did PNM Resources report for 2021?

PNM Resources reported preliminary 2021 revenues of $1.8 billion.

What is PNM Resources' goal for emissions by 2040?

PNM Resources aims to achieve 100% emissions-free energy by 2040.