PNM Resources Board Declares Quarterly Common Stock Dividend

BusinessWirevia The Motley Fool
Updated

PNM Resources Board Declares Quarterly Common Stock Dividend

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- The Board of Directors of PNM Resources (NYS: PNM) yesterday declared the regular quarterly dividend of $0.145 per share on its common stock, which has an indicated annual rate of $0.58 per share. The dividend is payable Nov. 15, 2012, to shareholders of record at the close of business Nov. 1, 2012.

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Background:

PNM Resources (NYS: PNM) is an energy holding company based in Albuquerque, N.M., with 2011 consolidated operating revenues of $1.3 billion, excluding First Choice Power. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,530 megawatts of generation capacity and serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. For more information, visit the company's Web site at www.PNMResources.com.



PNM Resources
Analysts
Jimmie Blotter, (505) 241-2227
or
Media
Valerie Smith, (505) 241-2892

KEYWORDS: United States North America New Mexico

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