PNM Resources Keeps Dividend Steady
Utility operator PNM Resources announced today its third-quarter dividend of $0.165 per share, the same rate it's paid for the past two quarters after raising the payout 14% from $0.145 per share.
The board of directors said the quarterly dividend is payable on November 15 to holders of record at the close of business on November 6. The regular dividend payment equates to a $0.66-per-share annual dividend, yielding 3% based on the closing price today of PNM Resources' stock.
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