PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

On September 21, 2021, PNM Resources' Board of Directors declared a quarterly dividend of $0.3275 per share on its common stock. This dividend will be payable on November 12, 2021 to shareholders who are on record after November 1, 2021. PNM Resources, based in Albuquerque, NM, reported consolidated operating revenues of $1.5 billion in 2020 and serves approximately 800,000 homes and businesses in NM and TX with a goal of achieving 100% emissions-free energy by 2040.

Positive

• Declared a quarterly dividend of $0.3275 per share, reinforcing shareholder income.
• Reported consolidated operating revenues of $1.5 billion in 2020, indicating financial strength.

Negative

• None.

ALBUQUERQUE, N.M., Sept. 21, 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 November 12, 2021 to shareholders of record at the close of business November 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, 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 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 announced by PNM Resources?

The dividend amount declared by PNM Resources is $0.3275 per share.

When will the dividend be paid to shareholders?

The dividend is payable on November 12, 2021.

What is the record date for the PNM dividend?

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

How much revenue did PNM Resources report in 2020?

PNM Resources reported consolidated operating revenues of $1.5 billion in 2020.

What is PNM Resources' goal regarding emissions?

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