PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

PNM Resources (NYSE: PNM) declares a regular quarterly dividend of $0.3875 per share on its common stock. The dividend is payable on May 10, 2024, to shareholders of record on April 26, 2024. PNM Resources is an energy holding company with 2023 operating revenues of $1.9 billion, serving over 800,000 homes and businesses in New Mexico and Texas.

ALBUQUERQUE, N.M., March 1, 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 May 10, 2024, to shareholders of record at the close of business April 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

 

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SOURCE PNM Resources, Inc.

FAQ

When is the dividend payable for PNM Resources?

The dividend of $0.3875 per share on PNM Resources' common stock is payable on May 10, 2024.

How many homes and businesses does PNM Resources serve?

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

What is the goal of PNM Resources regarding emissions-free generation?

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