PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

PNM Resources has declared a quarterly dividend of $0.3075 per share on its common stock during its Board of Directors meeting on September 22, 2020. The dividend is scheduled for payment on November 13, 2020, to shareholders on record as of November 2, 2020. This dividend declaration reflects the company's stability and commitment to returning value to its investors.

In 2019, PNM Resources reported consolidated operating revenues of $1.5 billion and serves approximately 790,000 customers across New Mexico and Texas.

Positive

• Quarterly dividend declared at $0.3075 per share, reflecting company stability.
• Company reported consolidated operating revenues of $1.5 billion in 2019.

Negative

• None.

ALBUQUERQUE, N.M., Sept. 22, 2020 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3075 per share on the company's common stock. The dividend is payable November 13, 2020 to shareholders of record at the close of business November 2, 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

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/pnm-resources-board-declares-quarterly-common-stock-dividend-301136006.html

SOURCE PNM Resources, Inc.

FAQ

What is the dividend amount declared by PNM Resources?

The dividend amount declared is $0.3075 per share.

When will PNM Resources pay the dividend?

The dividend will be paid on November 13, 2020.

What is the record date for PNM Resources' dividend?

The record date for the dividend is November 2, 2020.

How much revenue did PNM Resources generate in 2019?

PNM Resources generated consolidated operating revenues of $1.5 billion in 2019.

How many customers does PNM Resources serve?

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