Public Service Company of New Mexico Declares Preferred Dividend

The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE: PNM), has declared a regular quarterly dividend of $1.145 per share on its 4.58% series of cumulative preferred stock.

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Rhea-AI Summary

The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE: PNM), has declared a regular quarterly dividend of $1.145 per share on its 4.58% series of cumulative preferred stock. This dividend is payable on April 15, 2023, to shareholders of record at the close of business on March 31, 2023. PNM Resources reported consolidated operating revenues of $2.2 billion for 2022, serving over 800,000 customers in New Mexico and Texas with a capacity of 2.7 gigawatts. The company aims for 100% emissions-free energy by 2040.

Positive

Quarterly dividend of $1.145 per share declared.
Consolidated operating revenues of $2.2 billion reported for 2022.
Serves over 800,000 customers in New Mexico and Texas.

Negative

None.

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News Market Reaction – PNM

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03/08/2023 - 09:26 PM

ALBUQUERQUE, N.M., March 8, 2023 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE: PNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2023 to shareholders of record at the close of business March 31, 2023.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/public-service-company-of-new-mexico-declares-preferred-dividend-301767442.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?

PNM Resources declared a dividend of $1.145 per share.

When is the dividend payment date for PNM?

The dividend is payable on April 15, 2023.

What is the record date for the PNM dividend?

The record date for the dividend is March 31, 2023.

How many customers does PNM serve?

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

What are PNM's emissions goals?

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

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Public Service Company of New Mexico Declares Preferred Dividend