PNM Resources Board Declares Quarterly Common Stock Dividend

Published on Tuesday, 06 December 2011 15:39 Written by TradersHuddle Staff

ALBUQUERQUE, N.M.-( Business Wire )-

The Board of Directors of PNM Resources (NYSE: PNM) today declared the regular quarterly dividend of $0.125 per share on its common stock, which has an indicated annual rate of $0.50 per share. The dividend is payable Feb. 15, 2012, to shareholders of record at the close of business Jan. 25, 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 ResourcesAnalystsLisa Eden, 505-241-2691MediaFrederick Bermudez, 505-241-4831