Public Service Company of New Mexico Declares Preferred Dividend

Rhea-AI Summary

TXNM Energy's subsidiary, Public Service Company of New Mexico, has announced its regular quarterly dividend for preferred stockholders. The Board of Directors declared a dividend of $1.145 per share on the 4.58% series of cumulative preferred stock. The dividend will be paid on July 15, 2025, to shareholders recorded as of June 30, 2025. TXNM Energy, headquartered in Albuquerque, New Mexico, serves 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 indicates financial stability
• Company serves a large customer base of over 800,000 homes and businesses

Negative

• None.

ALBUQUERQUE, N.M., June 16, 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 July 15, 2025, to shareholders of record at the close of business June 30, 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 dividend amount is $1.145 per share for the 4.58% series of cumulative preferred stock.

When is the dividend payment date for TXNM preferred shareholders?

The dividend will be paid on July 15, 2025, to shareholders of record as of June 30, 2025.

How many customers does TXNM Energy serve?

TXNM Energy serves more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities.

Which utilities are operated by TXNM Energy?

TXNM Energy operates two regulated utilities: TNMP and PNM (Public Service Company of New Mexico).