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 April 15, 2012, to shareholders of record at
the close of business April 1, 2012.
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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
Analysts
Lisa Eden, 505-241-2691
Media
Frederick
Bermudez, 505-241-4831
Source: PNM Resources
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