PNM Declares Preferred Dividend
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--
The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE:
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 Jan. 16, 2012, to shareholders of record at
the close of business Jan. 2, 2012.
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Background:
PNM Resources (NYSE: PNM) is an energy holding company based in
Albuquerque, N.M., with 2010 consolidated operating revenues of $1.7
billion. Through its regulated utilities, 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
Lisa Eden, 505-241-2691
or
Media
Frederick
Bermudez, 505-241-4831
Source: PNM Resources
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