PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

PNM Resources (NYSE: PNM) declares regular quarterly dividend of $0.3675 per share on common stock.

Positive

• The declaration of a regular quarterly dividend on PNM Resources' common stock is a positive indicator for investors, providing a consistent income stream.
• The dividend of $0.3675 per share is a concrete figure that shareholders can expect to receive, enhancing the attractiveness of the stock.

Negative

• None.

ALBUQUERQUE, N.M., Sept. 19, 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 November 10, 2023, to shareholders of record at the close of business October 27, 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.