PNM Declares Preferred Dividend

Rhea-AI Summary

On September 8, 2021, PNM Resources (NYSE: PNM) announced a quarterly dividend of $1.145 per share for its 4.58% series of cumulative preferred stock. This dividend is payable on October 15, 2021, to shareholders on record as of the close of business on October 1, 2021. PNM Resources provides electricity to about 800,000 customers across New Mexico and Texas, generating 2.8 gigawatts of capacity. The company aims for 100% emissions-free energy by 2040.

Positive

• Quarterly dividend of $1.145 per share announced, providing income to shareholders.
• Company's commitment to 100% emissions-free energy by 2040 reflects long-term sustainability.

Negative

• None.

ALBUQUERQUE, N.M., Sept. 8, 2021 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, 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, 2021 to shareholders of record at the close of business October 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, Public Service Company of New Mexico and Texas-New Mexico Power Company, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. Public Service Company of New Mexico 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.

FAQ

What is the dividend amount declared by PNM Resources?

PNM Resources declared a dividend of $1.145 per share.

When is the PNM Resources preferred stock dividend payable?

The dividend is payable on October 15, 2021.

What is the record date for PNM Resources dividend?

The record date for the dividend is October 1, 2021.

How many customers does PNM Resources serve?

PNM Resources serves approximately 800,000 customers.

What is PNM Resources' goal for emissions-free energy?

PNM Resources aims to achieve 100% emissions-free energy by 2040.