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ALBUQUERQUE, N.M., Sep 21, 2010 (BUSINESS WIRE) -- The Board of Directors of PNM Resources (NYSE: PNM) today declared the regular quarterly dividends of $0.125 per share on its common stock and $1.25 per share on its convertible preferred Series A stock, of which each share is convertible into 10 shares of common stock. The indicated annual rate is $0.50 per share of common stock. The dividends are payable Nov. 15, 2010, to shareholders of record at the close of business Oct. 29, 2010.
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Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2009 consolidated operating revenues from continuing operations of $1.6 billion. Through its utility and energy subsidiaries, PNM Resources has more than 2,710 megawatts of generation resources and serves electricity to more than 875,300 homes and businesses in New Mexico and Texas. The company also has a 50-percent ownership of Optim Energy, which owns nearly 1,200 megawatts of generation resources. For more information, visit the company's Web site at www.PNMResources.com.
SOURCE: PNM Resources
PNM Resources
Analysts
Gina Jacobi
Director, Investor Relations
505-241-2211
Analysts & Media
Frederick Bermudez
505-241-4831
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