Public Service Company of New Mexico Declares Preferred Dividend

(Neutral)

Rhea-AI Summary

The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE: PNM), has declared a quarterly dividend of $1.145 per share on the 4.58% series of cumulative preferred stock. The dividend is payable on October 15, 2022, to shareholders of record by the close of business on September 30, 2022. PNM Resources reported consolidated operating revenues of $1.8 billion in 2021, serving approximately 800,000 customers in New Mexico and Texas.

Positive

Declared a quarterly dividend of $1.145 per share.
Company reported $1.8 billion in revenues for 2021.

Negative

None.

News Market Reaction – PNM

+0.04%

+0.04% Session move

In the trading session that priced this news, PNM gained 0.04%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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09/09/2022 - 06:14 PM

ALBUQUERQUE, N.M., Sept. 9, 2022 /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 October 15, 2022 to shareholders of record at the close of business September 30, 2022.

Background:

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

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SOURCE PNM Resources, Inc.

FAQ

What is the dividend declared by PNM Resources?

PNM Resources has declared a quarterly dividend of $1.145 per share.

When will the PNM dividend be paid?

The dividend will be paid on October 15, 2022.

What is the record date for PNM's dividend?

The record date for the dividend is September 30, 2022.