PNM Declares Preferred Dividend

Rhea-AI Summary

PNM Resources, a New Mexico-based energy company, announced a quarterly dividend of $1.145 per share on its 4.58% cumulative preferred stock. This dividend is set to be paid on October 15, 2020, to shareholders recorded at the close of business on October 1, 2020. PNM Resources reported consolidated operating revenues of $1.5 billion in 2019 and currently serves approximately 790,000 customers in New Mexico and Texas. The company operates with an electricity generation capacity of about 2,811 megawatts.

Positive

• Quarterly dividend of $1.145 enhances shareholder income.
• Reported consolidated operating revenues of $1.5 billion in 2019.

Negative

• None.

ALBUQUERQUE, N.M., Sept. 18, 2020 /PRNewswire/ -- The Board of Directors of PNM, 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, 2020 to shareholders of record at the close of business October 1, 2020.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2019 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,811 megawatts of generation capacity and provides electricity to approximately 790,000 homes and businesses in New Mexico and Texas. 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 payout date for PNM in 2020?

The dividend payout date for PNM is October 15, 2020.

What is the amount of the PNM preferred stock dividend?

The preferred stock dividend for PNM is $1.145 per share.

When is the record date for the PNM dividend?

The record date for the PNM dividend is October 1, 2020.

What were PNM's consolidated operating revenues in 2019?

PNM's consolidated operating revenues in 2019 were $1.5 billion.

How many customers does PNM serve?

PNM serves approximately 790,000 customers in New Mexico and Texas.