Public Service Company of New Mexico Declares Preferred Dividend

Rhea-AI Summary

TXNM Energy (NYSE: TXNM) subsidiary Public Service Company of New Mexico has announced its regular quarterly dividend declaration. The company will distribute $1.145 per share on its 4.58 percent series of cumulative preferred stock. Shareholders of record as of March 31, 2025, will receive the dividend payment on April 15, 2025.

TXNM Energy operates as an energy holding company headquartered in Albuquerque, New Mexico, serving over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.

Positive

• Regular quarterly dividend maintained at $1.145 per share
• Stable dividend indicates financial health
• Large customer base of 800,000+ across two states

Negative

• None.

ALBUQUERQUE, N.M., March 6, 2025 /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, 2025, to shareholders of record at the close of business March 31, 2025.

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	Media
Lisa Goodman	Corporate Communications
(505) 241-2160	(505) 241-2743

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SOURCE TXNM Energy, Inc.

FAQ

What is the dividend amount for TXNM Energy's preferred stock in Q2 2025?

The quarterly dividend for TXNM's 4.58% cumulative preferred stock is $1.145 per share.

When is the ex-dividend date for TXNM's preferred stock dividend?

Shareholders must be on record by March 31, 2025, to receive the dividend payment.

What is the payment date for TXNM's Q2 2025 preferred dividend?

The preferred stock dividend will be paid on April 15, 2025.

How many customers does TXNM Energy serve across Texas and New Mexico?

TXNM Energy serves more than 800,000 homes and businesses through its utilities TNMP and PNM.