PNM Resources Sets Preferred Dividend
Utility operator PNM Resourcesannounced yesterday a second-quarter dividend on its 4.58% series of cumulative preferred stock in the amount of $1.145 per share. The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on July 1.
PNM also pays a regular dividend on its common stock in an amount that equates to a $0.66-per-share annual dividend, yielding 3.1% based on the closing price of PNM Resources' stock on June 24.
The article PNM Resources Sets Preferred Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.