PNM Resources Boosts Dividend
The company will pay 22 cents quarterly.
PNM Resources'
(PNM)
boosted its quarterly dividend by10% to 22 cents.
The improved dividend is payable May 19 to shareholders of record May 1. The company said the new rate targets a payout ratio of 50% to 60% of consolidated earnings.
Shares rose 14 cents to $24.20.
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