PNM Declares Preferred Dividend

Rhea-AI Summary

The Board of Directors of PNM has declared a quarterly dividend of $1.145 per share on the 4.58% series of cumulative preferred stock. This dividend is set to be paid on April 15, 2021, to shareholders of record by the close of business on April 1, 2021. PNM Resources, based in Albuquerque, N.M., reported consolidated operating revenues of $1.5 billion for 2020 and aims for 100% emissions-free energy by 2040, serving around 800,000 customers in New Mexico and Texas.

Positive

• Declared a quarterly dividend of $1.145 per share.
• Promotes a goal of 100% emissions-free energy by 2040.

Negative

• None.

ALBUQUERQUE, N.M., March 22, 2021 /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 April 15, 2021 to shareholders of record at the close of business April 1, 2021.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 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 2.8 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

 

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SOURCE PNM Resources, Inc.