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, declared a 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, declared a quarterly dividend of $1.145 per share on its 4.58% series of cumulative preferred stock. This dividend is payable on April 15, 2022, to shareholders on record by the close of business on April 1, 2022. PNM Resources reported $1.8 billion in consolidated operating revenues for 2021 and serves around 800,000 customers in New Mexico and Texas, aiming for 100% emissions-free energy by 2040.

Positive

Quarterly dividend of $1.145 per share increases income for shareholders.
Stable revenue of $1.8 billion in 2021 indicates strong company performance.
Commitment to 100% emissions-free energy by 2040 enhances long-term sustainability.

Negative

None.

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News Market Reaction – PNM

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03/30/2022 - 06:39 PM

ALBUQUERQUE, N.M., March 30, 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 April 15, 2022 to shareholders of record at the close of business April 1, 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/public-service-company-of-new-mexico-declares-preferred-dividend-301514316.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 on March 30, 2022?

PNM declared a quarterly dividend of $1.145 per share.

When will the dividend payment be made for PNM's preferred stock?

The dividend is payable on April 15, 2022.

Who is eligible to receive the PNM dividend declared on March 30, 2022?

Shareholders of record at the close of business on April 1, 2022, are eligible.

What is PNM's goal for emissions-free energy?

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

Public Service Company of New Mexico Declares Preferred Dividend