The Board of Directors of PNM Resources (NYSE: PNM) yesterday declared the regular quarterly dividend of $0.145 per share on its common stock, which has an indicated annual rate of $0.58 per share. The dividend is payable Nov. 15, 2012, to shareholders of record at the close of business Nov. 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.
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