PNM Resources (PNM) Raises Quarterly Dividend 9.3% to $0.2650; 2.3% Yield
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PNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend
December 1, 2017 5:30 PM ESTALBUQUERQUE, N.M., Dec. 1, 2017 /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 9.3 percent increase, to an indicated annual rate of $1.06 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 $0.2650 per share, payable February 1, 2018, to shareholders of record at the close of business January 18, 2018.
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