Public Service Company of New Mexico Declares Preferred Dividend

Rhea-AI Summary

Public Service Company of New Mexico (NYSE: TXNM) declared a regular quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. The dividend is payable April 15, 2026 to shareholders of record at close of business March 31, 2026.

The announcement identifies the series, payment date and record date for shareholders and confirms the dividend is for cumulative preferred shares.

Positive

• $1.145 preferred dividend per share declared
• Dividend payable on April 15, 2026
• Record date set for March 31, 2026

Negative

• Creates a cash payment obligation for preferred shareholders on April 15, 2026

ALBUQUERQUE, N.M., Feb. 27, 2026 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), 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, 2026, to shareholders of record at the close of business March 31, 2026.

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com.

CONTACTS:
Analysts
Lisa Goodman
(505) 241-2160

Media
Corporate Communications
(505) 241-2743 

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SOURCE TXNM Energy, Inc.

FAQ

How much preferred dividend did Public Service Company of New Mexico (TXNM) declare on February 27, 2026?

The company declared a $1.145 per share quarterly dividend on its 4.58% cumulative preferred stock. According to the company, the dividend applies to the specified preferred series and is payable in April 2026 to holders of record.

When will the TXNM preferred dividend declared on February 27, 2026, be paid?

The declared preferred dividend will be paid on April 15, 2026. According to the company, shareholders of record as of the close of business on March 31, 2026, will receive the payment on that date.

Who is eligible for the TXNM preferred dividend declared February 27, 2026?

Shareholders of record at the close of business on March 31, 2026 are eligible for the dividend. According to the company, eligible holders of the 4.58% cumulative preferred stock will be paid on April 15, 2026.

What type of stock receives the $1.145 dividend from Public Service Company of New Mexico (TXNM)?

The dividend applies to the 4.58 percent series of cumulative preferred stock. According to the company, this regular quarterly dividend is specific to that preferred series, not common shares.

How does the TXNM preferred dividend announcement on February 27, 2026, affect common shareholders?

The announcement concerns preferred stock and does not change common share distributions. According to the company, the declared payment applies only to the 4.58% cumulative preferred series and not to common shareholders.

Where can investors find more details about the TXNM dividend declared February 27, 2026?

Investors can view the company website for contact and dividend details. According to the company, more information and corporate contacts are available on the TXNM Energy investor pages and investor relations contacts provided.