Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared a regular quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock.

The preferred stock dividend will be payable July 15, 2026, to shareholders of record at the close of business June 30, 2026, according to a company statement.

TXNM Energy is an energy holding company based in Albuquerque, New Mexico, that delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.