PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

PNM Resources (NYSE: PNM), an energy holding company based in Albuquerque, N.M., has declared a regular quarterly dividend of $0.3875 per share on its common stock. The dividend will be payable on August 9, 2024, to shareholders of record at the close of business on July 26, 2024. PNM Resources, with consolidated operating revenues of $1.9 billion in 2023, provides electricity to over 800,000 homes and businesses in New Mexico and Texas through its regulated utilities, PNM and TNMP. The company has a diverse mix of generation and purchased power resources totaling 3.1 gigawatts of capacity and aims to achieve 100% emissions-free generation by 2040.

Positive

• Consistent quarterly dividend payment of $0.3875 per share
• Stable revenue of $1.9 billion in 2023
• Large customer base of over 800,000 homes and businesses
• Diverse energy generation mix with 3.1 gigawatts of capacity
• Goal to achieve 100% emissions-free generation by 2040

Negative

• None.

ALBUQUERQUE, N.M., July 16, 2024 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3875 per share on the company's common stock. The dividend is payable August 9, 2024, to shareholders of record at the close of business July 26, 2024.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2023 consolidated operating revenues of $1.9 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 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 3.1 gigawatts of capacity, with a goal to achieve 100% emissions-free generation by 2040. For more information, visit the company's website at www.PNMResources.com.

CONTACTS:
Analysts	Media
Lisa Goodman	Raymond Sandoval
(505) 241-2160	(505) 241-2782

View original content to download multimedia:https://www.prnewswire.com/news-releases/pnm-resources-board-declares-quarterly-common-stock-dividend-302198577.html

SOURCE PNM Resources, Inc.

FAQ

What is the amount of PNM Resources' quarterly dividend for July 2024?

PNM Resources has declared a quarterly dividend of $0.3875 per share on its common stock for July 2024.

When is the payment date for PNM's (NYSE: PNM) latest declared dividend?

The dividend is payable on August 9, 2024.

What is the record date for PNM Resources' Q3 2024 dividend?

The record date for PNM Resources' dividend is July 26, 2024, at the close of business.

How many customers does PNM Resources (NYSE: PNM) serve?

PNM Resources provides electricity to more than 800,000 homes and businesses in New Mexico and Texas.

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

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