PNM Declares Preferred Dividend
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--
The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE:
PNM), yesterday 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 Jan. 15, 2013, to shareholders of
record at the close of business Jan. 2, 2013.
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Background:
PNM Resources (NYSE: 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, Inc.
Analysts
Terry Horn, 505-241-2119
Media
Valerie
Smith, 505-241-2892
Source: PNM Resources, Inc.
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