PNM Resources (PNM) Raises Quarterly Dividend 10.2% to $0.2425; 2.9% Yield

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Go back to PNM Resources (PNM) Raises Quarterly Dividend 10.2% to $0.2425; 2.9% Yield

PNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend

December 13, 2016 6:33 AM EST

ALBUQUERQUE, N.M., Dec. 13, 2016 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) yesterday unanimously voted to increase the company's annual dividend payment by $0.09, a 10.0 percent increase, to an indicated annual rate of $0.97 per share of common stock. This is consistent with the company's target to pay out 50 to 60 percent of annual ongoing earnings. The board has declared the resulting quarterly stock dividend of $0.2425 per share, payable Feb. 13, 2017, to shareholders of record at the close of business Jan. 23, 2017.

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