PNM Declares Preferred Dividend

Rhea-AI Summary

The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE: PNM), declared a quarterly preferred stock dividend of $1.145 per share. This 4.58% cumulative preferred stock dividend is payable on January 14, 2022 to shareholders of record by the close of business on December 27, 2021. PNM Resources operates with 2020 consolidated revenues of $1.5 billion, providing electricity to approximately 800,000 homes and businesses in New Mexico and Texas, with a commitment to achieving 100% emissions-free energy by 2040.

Positive

• Regular preferred stock dividend of $1.145 per share declared.
• Continued dividends indicate company confidence and potential stability for shareholders.

Negative

• None.

ALBUQUERQUE, N.M., Dec. 7, 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 January 14, 2022 to shareholders of record at the close of business December 27, 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 3.1 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 in December 2021?

The dividend amount declared is $1.145 per share on the 4.58% series of cumulative preferred stock.

When is the preferred stock dividend payable for PNM Resources?

The preferred stock dividend is payable on January 14, 2022.

Who will receive the preferred stock dividend from PNM Resources?

Shareholders of record at the close of business on December 27, 2021, will receive the dividend.

What is PNM Resources' goal regarding emissions by 2040?

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