PNM Declares Preferred Dividend

PNM Declares Preferred Dividend

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- The Board of Directors of PNM, a subsidiary of PNM Resources (NYS: PNM) , has declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable July 15, 2013, to shareholders of record at the close of business July 1, 2013.

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Background:

PNM Resources (NYS: PNM) is an energy holding company based in Albuquerque, N.M., with 2012 consolidated operating revenues of $1.3 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,538 megawatts of generation capacity and serves electricity to more than 738,000 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
Media
Pahl Shipley, 505-241-2782

KEYWORDS:   United States  North America  New Mexico

INDUSTRY KEYWORDS:

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