PNM Resources Board Declares Quarterly Common Stock Dividend

PNM Resources has announced a quarterly dividend of $0.3475 per share on its common stock.

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Rhea-AI Summary

PNM Resources has announced a quarterly dividend of $0.3475 per share on its common stock. This dividend will be payable on May 13, 2022 to shareholders who are on record by the close of business on April 29, 2022. The company, based in Albuquerque, N.M., reported preliminary consolidated operating revenues of $1.8 billion for 2021. PNM Resources aims for 100% emissions-free energy by 2040, serving approximately 800,000 customers in New Mexico and Texas.

Positive

Quarterly dividend declared at $0.3475 per share enhances shareholder income.
Strong 2021 operating revenues of $1.8 billion indicate solid business performance.
Commitment to achieve 100% emissions-free energy by 2040 demonstrates corporate sustainability.

Negative

None.

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News Market Reaction – PNM

The recorded move for PNM in the trading session of this news was +1.16%.

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03/01/2022 - 04:30 PM

ALBUQUERQUE, N.M., March 1, 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 May 13, 2022 to shareholders of record at the close of business April 29, 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-301493306.html

SOURCE PNM Resources, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by PNM Resources?

The dividend amount declared by PNM Resources is $0.3475 per share.

When is the dividend payment date for PNM Resources?

The dividend payment date for PNM Resources is May 13, 2022.

What is the record date for PNM Resources' dividend?

The record date for PNM Resources' dividend is April 29, 2022.

What were PNM Resources' consolidated operating revenues for 2021?

PNM Resources reported consolidated operating revenues of $1.8 billion for 2021.

How many customers does PNM Resources serve?

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

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PNM Resources Board Declares Quarterly Common Stock Dividend