PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

PNM Resources (NYSE: PNM) declared a quarterly dividend of $0.3275 per share on March 5, 2021. This dividend is payable on May 14, 2021 to shareholders of record as of April 30, 2021. The company reported consolidated operating revenues of $1.5 billion for 2020 and serves about 800,000 customers in New Mexico and Texas. PNM aims for 100% emissions-free energy by 2040, with a generation capacity of 2.8 gigawatts.

Positive

• Declared quarterly dividend of $0.3275 per share.
• Strong operating revenues of $1.5 billion in 2020.
• Serves approximately 800,000 homes and businesses.

Negative

• None.

ALBUQUERQUE, N.M., March 5, 2021 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3275 per share on the company's common stock. The dividend is payable May 14, 2021 to shareholders of record at the close of business April 30, 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.

FAQ

What is the dividend amount declared by PNM Resources?

The declared dividend amount is $0.3275 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on May 14, 2021.

What is the record date for PNM Resources' dividend?

The record date for the dividend is April 30, 2021.

How many customers does PNM Resources serve?

PNM Resources serves approximately 800,000 homes and businesses.

What is PNM's goal regarding emissions-free energy?

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