UPDATE: PNM Resources (PNM) Raises Quarterly Dividend 9.4% to $0.29; 2.7% Yield; Affirms FY19 EPS Guidance
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PNM Resources Board Increases Dividend 9.4 Percent, Declares Quarterly Common Stock Dividend
December 7, 2018 6:30 AM ESTALBUQUERQUE, N.M., Dec. 7, 2018 /PRNewswire/ --Â The Board of Directors of PNM Resources (NYSE: PNM) yesterday unanimously voted to increase the company's annual dividend payment by $0.10, a 9.4 percent increase, to an indicated annual rate of $1.16 per share of common stock. This increase to the annual dividend payment is consistent with the company's target to pay out 50 to 60 percent of annual ongoing earnings.Â
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