PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

The Board of Directors of PNM Resources has declared a quarterly dividend of $0.3075 per share on its common stock. This dividend will be paid on August 14, 2020, to shareholders who are on record by the close of business on August 7, 2020. PNM Resources, based in Albuquerque, N.M., reported $1.5 billion in consolidated operating revenues for 2019 and serves approximately 790,000 customers across New Mexico and Texas through its regulated utilities.

Positive

• Quarterly dividend of $0.3075 per share declared, supporting shareholder income.

Negative

• None.

News Market Reaction – PNM

-0.29%

1 alert

-0.29% News Effect

On the day this news was published, PNM declined 0.29%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ALBUQUERQUE, N.M., July 28, 2020 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3075 per share on the company's common stock. The dividend is payable August 14, 2020 to shareholders of record at the close of business August 7, 2020.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2019 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,811 megawatts of generation capacity and provides electricity to approximately 790,000 homes and businesses in New Mexico and Texas. 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:http://www.prnewswire.com/news-releases/pnm-resources-board-declares-quarterly-common-stock-dividend-301101569.html

SOURCE PNM Resources, Inc.

FAQ

What is the dividend amount declared by PNM Resources?

PNM Resources declared a quarterly dividend of $0.3075 per share.

When is the dividend payment date for PNM Resources?

The dividend payment date is August 14, 2020.

Who are the shareholders eligible for the dividend from PNM Resources?

Shareholders of record as of August 7, 2020, are eligible for the dividend.

How much revenue did PNM Resources generate in 2019?

PNM Resources generated $1.5 billion in consolidated operating revenues in 2019.