PNM Declares Preferred Dividend

Published on Thursday, 02 September 2010 12:34 Written by TradersHuddle Staff

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 Oct. 15, 2010, to shareholders of record at the close of business Oct. 1, 2010.

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.

AnalystsGina JacobiDirector, Investor Relations505-241-2211orAnalysts & MediaFrederick Bermudez505-241-4831